Chubb Limited $CB Shares Sold by Forum Financial Management LP

Forum Financial Management LP reduced its stake in shares of Chubb Limited (NYSE:CB) by 71.3% during the 1st quarter, Holdings Channel.com reports. The firm owned 2,140 shares of the financial services provider’s stock after selling 5,324 shares during the period. Forum Financial Management LP’s holdings in Chubb were worth $697,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CB. Berkshire Hathaway Inc lifted its stake in shares of Chubb by 15.9% in the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock valued at $8,843,710,000 after purchasing an additional 4,299,111 shares during the period. Norges Bank acquired a new position in Chubb during the fourth quarter worth about $1,081,190,000. Price T Rowe Associates Inc. MD increased its holdings in Chubb by 25.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock valued at $4,665,508,000 after buying an additional 3,049,987 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Chubb in the fourth quarter valued at about $795,378,000. Finally, GQG Partners LLC lifted its position in shares of Chubb by 15.2% during the 4th quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after acquiring an additional 1,647,729 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction dated Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

CB has been the topic of several research analyst reports. Evercore boosted their price target on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 22nd. The Goldman Sachs Group dropped their price objective on Chubb from $372.00 to $362.00 and set a “buy” rating for the company in a research note on Monday, June 8th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. HSBC boosted their target price on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a research report on Thursday, April 23rd. Finally, Piper Sandler upped their target price on Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Two research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $349.10.

Chubb Trading Down 0.8%

Shares of Chubb stock opened at $340.49 on Wednesday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The business has a 50 day moving average price of $325.62 and a 200 day moving average price of $322.10. The company has a market capitalization of $132.06 billion, a P/E ratio of 12.02, a P/E/G ratio of 1.75 and a beta of 0.41.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The firm had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Sell-side analysts anticipate that Chubb Limited will post 26.8 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be paid a dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, June 12th. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio is 14.41%.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.