Chubb Limited $CB Holdings Decreased by National Pension Service

Key Points

• National Pension Service reduced its Chubb stake by 1.1% in the second quarter, selling 13,190 shares and retaining 1.15 million shares worth approximately $391.2 million. Institutional investors and hedge funds collectively own 83.81% of Chubb.
• Chubb insiders also reported notable sales, including a 5,500-share sale by Director Michael Connors and an 8,502-share sale by EVP Joseph Wayland. Corporate insiders own just 0.37% of the company.
• Analyst sentiment remains mixed, with an overall “Hold” rating and an average price target of $361. Chubb exceeded quarterly EPS expectations, reporting $7.26 versus the $6.77 consensus, and declared a quarterly dividend of $1.02 per share.

National Pension Service reduced its holdings in Chubb Limited (NYSE:CB - Free Report) by 1.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,148,011 shares of the financial services provider's stock after selling 13,190 shares during the period. National Pension Service owned about 0.30% of Chubb worth $391,173,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Brighton Jones LLC boosted its holdings 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 during the period. Revolve Wealth Partners LLC acquired a new position in Chubb in the 4th quarter valued at approximately $205,000. Woodline Partners LP lifted its position 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 buying an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC lifted its position 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 buying an additional 175 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Chubb by 9.3% during the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider's stock valued at $58,305,000 after buying an additional 17,155 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Michael Connors sold 5,500 shares of the stock in a transaction dated 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 transaction, the director owned 12,803 shares of the company's stock, valued at approximately $4,417,035. This represents a 30.05% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company's stock.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $354.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Citigroup restated a "market outperform" rating on shares of Chubb in a research note on Wednesday, July 22nd. Barclays set a $387.00 target price on Chubb in a research report on Tuesday, July 7th. Weiss Ratings downgraded Chubb from a "buy (a-)" rating to a "buy (b+)" rating in a research note on Thursday, August 27th. Finally, Citizens Jmp reiterated a "market outperform" rating and set a $400.00 price target on shares of Chubb in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $361.00.

Chubb Stock Up 0.3%

CB stock opened at $337.59 on Thursday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 1 year low of $265.30 and a 1 year high of $365.91. The company has a fifty day simple moving average of $347.88 and a 200 day simple moving average of $334.70. The firm has a market cap of $130.24 billion, a PE ratio of 11.94, a PEG ratio of 1.61 and a beta of 0.37.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion during the quarter, compared to analysts' expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. Chubb's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $6.14 earnings per share. Sell-side analysts anticipate that Chubb Limited will post 27.35 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. The company serves businesses, individuals, and institutional clients, offering coverage for commercial property, liability, marine, cyber risk, workers' compensation, professional lines, personal assets, and other specialty risks.

Chubb distributes its products through brokers, agents, banks, and other business partners. Its commercial insurance operations serve companies ranging from small businesses to multinational corporations, while its personal insurance business provides coverage for homes, automobiles, valuable possessions, and other personal risks.

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