65,117 Chubb Limited $CB Shares Sold by Curated Wealth Partners LLC

Key Points

• Curated Wealth Partners cut its Chubb position by 93.8% in the third quarter, selling 65,117 shares and retaining 4,274 shares valued at approximately $1.39 million. Institutional investors and hedge funds collectively own 83.81% of Chubb.
• Chubb shares recently traded at $353.54, near the company’s 52-week high of $365.91. The insurer reported quarterly EPS of $7.26, exceeding analysts’ $6.77 estimate, while revenue increased 3.6% year over year.
• Chubb paid a quarterly dividend of $1.02 per share, equivalent to an annualized $4.08 dividend and a 1.2% yield. Analysts’ consensus rating is Hold, with an average price target of $358.36.

Curated Wealth Partners LLC lessened its position in Chubb Limited (NYSE:CB - Free Report) by 93.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 4,274 shares of the financial services provider's stock after selling 65,117 shares during the period. Curated Wealth Partners LLC's holdings in Chubb were worth $1,390,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. IMG Wealth Management Inc. bought a new stake in Chubb during the 2nd quarter valued at $25,000. Dunhill Financial LLC acquired a new position in Chubb during the 2nd quarter valued at about $25,000. Parvin Asset Management LLC bought a new stake in Chubb during the 2nd quarter worth approximately $26,000. Highland Investment Advisors LLC bought a new stake in Chubb during the 2nd quarter worth approximately $26,000. Finally, Frazier Financial Advisors LLC raised its stake in shares of Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock worth $27,000 after purchasing an additional 38 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

Chubb stock traded up $3.38 during mid-day trading on Thursday, reaching $353.54. 580,564 shares of the company's stock were exchanged, compared to its average volume of 1,703,450. The business's fifty day simple moving average is $340.26 and its 200 day simple moving average is $335.98. The firm has a market capitalization of $136.39 billion, a PE ratio of 12.51, a P/E/G ratio of 1.52 and a beta of 0.36. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%. The business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.14 EPS. On average, sell-side analysts expect that Chubb Limited will post 27.68 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Stockholders of record on Friday, September 11th were given a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, September 11th. Chubb's dividend payout ratio is currently 14.43%.

Analyst Ratings Changes

Several brokerages recently issued reports on CB. Atlantic Securities set a $301.00 target price on Chubb in a research report on Wednesday, July 15th. Citigroup restated a "market outperform" rating on shares of Chubb in a research note on Wednesday, July 22nd. Weiss Ratings downgraded shares of Chubb from a "buy (a-)" rating to a "buy (b)" rating in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $354.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Finally, Citizens Jmp reiterated a "market outperform" rating and issued a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $358.36.

Insider Buying and Selling

In other Chubb news, Director Michael P. Connors sold 5,500 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the transaction, the director directly owned 12,803 shares of the company's stock, valued at approximately $4,417,035. This represents a 30.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph Wayland sold 8,502 shares of the firm's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company's stock, valued at $12,302,860.46. This represents a 20.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by corporate insiders.

Chubb Profile

Chubb Limited NYSE: CB is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers' compensation, homeowners insurance, automobile coverage, and specialty insurance.

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