Commerzbank Aktiengesellschaft FI Cuts Stock Position in Chubb Limited $CB

Commerzbank Aktiengesellschaft FI cut its holdings in shares of Chubb Limited (NYSE:CB) by 15.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,334 shares of the financial services provider’s stock after selling 2,009 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Chubb were worth $3,694,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Brighton Jones LLC grew its position in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in Chubb in the 4th quarter worth approximately $205,000. Woodline Partners LP lifted its holdings in Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after purchasing an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC boosted its stake in Chubb by 14.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after purchasing an additional 175 shares during the period. Finally, Sei Investments Co. boosted its stake in Chubb by 9.3% in the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after purchasing an additional 17,155 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, COO John W. Keogh sold 23,000 shares of the stock in a transaction on 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 sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CB. Citigroup reiterated an “outperform” rating on shares of Chubb in a research report on Friday, July 10th. Morgan Stanley upped their target price on shares of Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a research report on Monday, July 6th. Jefferies Financial Group cut their target price on shares of Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research note on Thursday, April 23rd. UBS Group lifted their price target on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Finally, BMO Capital Markets boosted their price target on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research note on Friday, April 24th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and an average price target of $359.09.

Chubb Trading Up 0.2%

CB opened at $352.75 on Tuesday. The stock has a 50-day moving average of $332.98 and a 200 day moving average of $326.03. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $365.29. The firm has a market cap of $136.82 billion, a P/E ratio of 12.46, a P/E/G ratio of 1.82 and a beta of 0.40.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The business 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%. As a group, research analysts forecast that Chubb Limited will post 26.75 EPS for the current year.

Chubb Increases Dividend

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

Chubb 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.