Chubb Limited $CB Position Decreased by Nepsis Inc.

Key Points

• Nepsis Inc. has reduced its holdings in Chubb Limited by 18.0%, owning 61,648 shares worth approximately $17.86 million as of its latest SEC filing.
• Multiple institutional investors made adjustments to their positions in Chubb, with GAMMA Investing LLC increasing its stake by 20.2%, signaling varying levels of confidence in the company.
• Analysts have mixed views on Chubb's stock, with a consensus rating of "Hold" and an average target price of $303.06 following recent downgrades and price adjustments by firms like Barclays and UBS Group.

Nepsis Inc. decreased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 18.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,648 shares of the financial services provider's stock after selling 13,544 shares during the period. Chubb comprises approximately 5.0% of Nepsis Inc.'s holdings, making the stock its 5th largest position. Nepsis Inc.'s holdings in Chubb were worth $17,861,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CB. GAMMA Investing LLC lifted its position in Chubb by 20.2% during the second quarter. GAMMA Investing LLC now owns 8,295 shares of the financial services provider's stock valued at $2,403,000 after purchasing an additional 1,394 shares in the last quarter. Clear Harbor Asset Management LLC raised its stake in shares of Chubb by 0.6% in the second quarter. Clear Harbor Asset Management LLC now owns 6,933 shares of the financial services provider's stock worth $2,009,000 after buying an additional 41 shares during the period. Pacifica Partners Inc. lifted its position in shares of Chubb by 4.7% during the 2nd quarter. Pacifica Partners Inc. now owns 890 shares of the financial services provider's stock valued at $254,000 after buying an additional 40 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Chubb by 18.3% during the 2nd quarter. Park Avenue Securities LLC now owns 28,276 shares of the financial services provider's stock valued at $8,192,000 after acquiring an additional 4,371 shares during the period. Finally, Mitchell & Pahl Private Wealth LLC increased its holdings in Chubb by 2.6% in the 2nd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,346 shares of the financial services provider's stock worth $2,128,000 after acquiring an additional 183 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

CB has been the topic of several analyst reports. Barclays downgraded shares of Chubb from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $321.00 to $298.00 in a report on Monday, July 7th. UBS Group lowered their target price on shares of Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a research note on Monday, July 28th. Keefe, Bruyette & Woods increased their price target on Chubb from $314.00 to $324.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 9th. Cantor Fitzgerald raised Chubb to a "hold" rating in a report on Wednesday, August 13th. Finally, Evercore ISI set a $312.00 price objective on Chubb in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $303.06.

Chubb Stock Performance

NYSE:CB opened at $274.00 on Monday. The firm has a market capitalization of $109.24 billion, a PE ratio of 12.09, a PEG ratio of 3.09 and a beta of 0.56. The stock's fifty day moving average is $273.76 and its 200 day moving average is $282.95. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The company had revenue of $14.20 billion during the quarter, compared to analyst estimates of $12.53 billion. During the same period in the previous year, the firm earned $5.38 earnings per share. Chubb's quarterly revenue was up 6.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be given a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. Chubb's dividend payout ratio is 17.12%.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the sale, the insider owned 91,180 shares of the company's stock, valued at $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael Corbat bought 425 shares of the company's stock in a transaction on Friday, July 25th. The shares were acquired at an average price of $269.80 per share, with a total value of $114,665.00. Following the transaction, the director directly owned 2,450 shares of the company's stock, valued at approximately $661,010. This trade represents a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 0.86% of the company's stock.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.

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