Barclays PLC Has $351.65 Million Stock Holdings in Chubb Limited $CB

Key Points

• Barclays trimmed its Chubb stake by 1.6% in Q3, holding 1,245,873 shares (about $351.65 million or ~0.32% of the company) after selling 19,731 shares.
• Senior insiders sold shares recently — EVP Timothy Alan Boroughs sold 27,817 shares (~$9.23M) and CEO Evan G. Greenberg sold 15,060 shares (~$4.99M) — reducing their holdings.
• Analysts are mixed with a consensus rating of Hold and a $340.81 price target; Chubb reported stronger-than-expected EPS ($7.52) and declared a $0.97 quarterly dividend (annualized $3.88, ~1.2% yield).

Barclays PLC trimmed its stake in Chubb Limited (NYSE:CB - Free Report) by 1.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,245,873 shares of the financial services provider's stock after selling 19,731 shares during the quarter. Barclays PLC owned approximately 0.32% of Chubb worth $351,648,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in CB. Norges Bank bought a new position in shares of Chubb in the second quarter valued at $1,195,137,000. Bank of America Corp DE increased its holdings in Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider's stock worth $1,428,278,000 after buying an additional 513,852 shares during the last quarter. London Co. of Virginia raised its position in Chubb by 211.0% during the second quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider's stock worth $213,559,000 after acquiring an additional 500,116 shares in the last quarter. Altrinsic Global Advisors LLC raised its position in Chubb by 46.9% during the second quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider's stock worth $403,535,000 after acquiring an additional 444,557 shares in the last quarter. Finally, Troy Asset Management Ltd lifted its stake in Chubb by 89.1% in the second quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider's stock valued at $229,872,000 after acquiring an additional 373,872 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares of the company's stock, valued at $3,920,683.80. This represents a 70.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm's stock in a transaction that occurred on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. This represents a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.77% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CB. Bank of America lowered their price objective on shares of Chubb from $279.00 to $259.00 and set an "underperform" rating on the stock in a research note on Friday, January 16th. Citizens Jmp reiterated a "market outperform" rating and issued a $350.00 target price on shares of Chubb in a research note on Wednesday, February 4th. BMO Capital Markets lifted their price target on Chubb from $283.00 to $326.00 and gave the stock a "market perform" rating in a report on Tuesday, February 10th. Piper Sandler upped their price objective on Chubb from $283.00 to $319.00 and gave the company a "neutral" rating in a research note on Wednesday, February 4th. Finally, Wolfe Research lifted their target price on Chubb from $364.00 to $372.00 and gave the stock an "outperform" rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Chubb has a consensus rating of "Hold" and a consensus price target of $340.81.

Chubb Trading Down 1.4%

Shares of CB opened at $327.86 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67. The firm has a market cap of $127.92 billion, a price-to-earnings ratio of 12.74, a PEG ratio of 2.08 and a beta of 0.46. The business's fifty day moving average is $318.20 and its 200-day moving average is $297.67.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. The business had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.Chubb's revenue for the quarter was up 8.9% on a year-over-year basis. During the same period in the prior year, the company earned $6.02 EPS. Equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, March 13th. Chubb's dividend payout ratio (DPR) is presently 15.08%.

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.

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