34,463 Chubb Limited $CB Shares Sold by Boston Trust Walden Corp

Key Points

• Boston Trust Walden Corp cut its Chubb position by 11.5%, selling 34,463 shares and retaining 263,928 shares valued at about $85.8 million.
• Chubb reported quarterly EPS of $7.66, beating the $6.77 consensus, and revenue of $16.20 billion, above expectations of $15.66 billion.
• Analysts’ consensus rating was Hold, with an average price target of $362.78; Chubb shares opened at $374.41, near their 52-week high.

Boston Trust Walden Corp decreased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 11.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 263,928 shares of the financial services provider's stock after selling 34,463 shares during the period. Boston Trust Walden Corp owned 0.07% of Chubb worth $85,843,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of CB. XXEC Inc. acquired a new position in Chubb in the 2nd quarter valued at $228,226,000. Berkshire Hathaway Inc purchased a new position in shares of Chubb during the 2nd quarter worth $11,670,067,000. BlackRock Inc. purchased a new position in shares of Chubb during the 2nd quarter worth $9,913,336,000. GQG Partners LLC acquired a new stake in shares of Chubb during the second quarter worth $4,250,113,000. Finally, Bank of America Corp DE acquired a new stake in shares of Chubb during the second quarter worth $1,545,084,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Key Chubb News

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb’s partnership with Currys expands its embedded-insurance reach in the U.K., positioning it to capture demand for mobile-device protection through retail and digital channels. Can Chubb's Currys Partnership Expand Embedded Insurance Growth?
• Positive Sentiment: Recent coverage highlighted Chubb as a momentum stock and noted that shares had reached a 52-week high. This may reinforce investor interest, although the articles do not identify a specific new company catalyst behind the run. What Makes Chubb (CB) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: An article on possible interest-rate hikes cited insurers among stocks that could benefit. Higher rates can improve investment income over time, but the outlook is conditional and not specific to Chubb. Rate Hikes Could Be Coming: History Likes These 4 Insurance Stocks
• Neutral Sentiment: Zacks Research made a mix of modest upward and downward earnings-estimate changes across coming quarters and fiscal years. The revisions offer no clear overall change in expectations. Chubb Limited analyst estimates
• Negative Sentiment: CEO Evan Greenberg sold 13,889 shares for about $5 million. Insider sales can weigh on sentiment, though he retained 277,274 shares after the transaction. Chubb CEO Sells 13,889 Shares

Analysts Set New Price Targets

A number of equities research analysts have recently commented on CB shares. Atlantic Securities set a $301.00 price objective on Chubb in a research report on Wednesday, July 15th. UBS Group reiterated a "neutral" rating and set a $380.00 target price on shares of Chubb in a research report on Monday, October 26th. Evercore reissued an "outperform" rating and issued a $374.00 price target on shares of Chubb in a research note on Friday, July 10th. HSBC reissued a "hold" rating and issued a $359.00 price target on shares of Chubb in a research note on Wednesday, October 7th. Finally, Morgan Stanley lifted their price target on Chubb from $350.00 to $360.00 and gave the company an "equal weight" rating in a report on Tuesday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $362.78.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Boroughs sold 13,596 shares of the company's stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $356.77, for a total transaction of $4,850,644.92. Following the completion of the sale, the executive vice president directly owned 5,588 shares in the company, valued at $1,993,630.76. This represents a 70.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Evan Greenberg sold 13,889 shares of the firm's stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $360.02, for a total value of $5,000,317.78. Following the completion of the transaction, the chief executive officer owned 277,274 shares in the company, valued at approximately $99,824,185.48. This trade represents a 4.77% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 32,985 shares of company stock worth $11,748,463. 0.37% of the stock is owned by insiders.

Chubb Stock Up 2.1%

Shares of CB opened at $374.41 on Thursday. The firm has a market cap of $143.06 billion, a PE ratio of 13.10, a price-to-earnings-growth ratio of 1.69 and a beta of 0.29. The company's fifty day moving average is $344.94 and its two-hundred day moving average is $334.80. Chubb Limited has a fifty-two week low of $282.11 and a fifty-two week high of $374.60. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.89. The company had revenue of $16.20 billion during the quarter, compared to analysts' expectations of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same period in the previous year, the company earned $7.49 EPS. Analysts forecast that Chubb Limited will post 28.89 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were issued a $1.02 dividend. The ex-dividend date was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. Chubb's dividend payout ratio (DPR) is presently 14.28%.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers' compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.

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