Chubb Limited $CB Shares Purchased by Stock Yards Bank & Trust Co.

Key Points

• Stock Yards Bank & Trust Co. increased its holdings in Chubb Limited by 43.9% in Q2, owning a total of 4,222 shares worth approximately $1,223,000.
• Chubb reported $6.14 earnings per share for its recent quarter, exceeding expectations and marking a 6.3% increase in revenue year-over-year.
• The company has declared a quarterly dividend of $0.97, representing an annualized yield of 1.4% and a payout ratio of 17.12%.

Stock Yards Bank & Trust Co. grew its holdings in Chubb Limited (NYSE:CB - Free Report) by 43.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,222 shares of the financial services provider's stock after acquiring an additional 1,288 shares during the period. Stock Yards Bank & Trust Co.'s holdings in Chubb were worth $1,223,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Ascent Group LLC grew its stake in shares of Chubb by 26.9% in the second quarter. Ascent Group LLC now owns 5,760 shares of the financial services provider's stock worth $1,669,000 after acquiring an additional 1,220 shares in the last quarter. Ameritas Advisory Services LLC grew its stake in shares of Chubb by 10.7% in the second quarter. Ameritas Advisory Services LLC now owns 1,165 shares of the financial services provider's stock worth $338,000 after acquiring an additional 113 shares in the last quarter. Abacus Planning Group Inc. grew its stake in shares of Chubb by 17.9% in the second quarter. Abacus Planning Group Inc. now owns 2,032 shares of the financial services provider's stock worth $589,000 after acquiring an additional 309 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in shares of Chubb in the second quarter worth $616,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Chubb by 8.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 51,071 shares of the financial services provider's stock worth $14,796,000 after acquiring an additional 4,013 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Activity at Chubb

In other Chubb news, Director Michael Corbat bought 425 shares of Chubb stock in a transaction dated Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.77% of the company's stock.

Chubb Price Performance

Shares of CB opened at $283.99 on Friday. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The stock has a market cap of $113.22 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 3.20 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a fifty day moving average price of $274.76 and a 200 day moving average price of $282.15.

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

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were issued a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb's dividend payout ratio is presently 17.12%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Cantor Fitzgerald upgraded shares of Chubb to a "hold" rating in a research note on Wednesday, August 13th. HSBC cut shares of Chubb from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. Evercore ISI lifted their price objective on shares of Chubb from $312.00 to $315.00 and gave the stock an "outperform" rating in a research report on Wednesday. Piper Sandler reaffirmed a "neutral" rating and set a $283.00 price objective (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Finally, Wells Fargo & Company decreased their price objective on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a research report on Thursday, July 24th. Two investment analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chubb has an average rating of "Hold" and an average target price of $303.24.

About Chubb

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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