Chubb Limited $CB Shares Purchased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its holdings in Chubb Limited by 48.6% in the first quarter, owning 112,192 shares worth approximately $33.88 million after purchasing an additional 36,677 shares.
• Chubb's recent quarterly earnings exceeded analysts' expectations, reporting $6.14 EPS with revenue of $14.20 billion, surpassing estimates of $12.53 billion.
• The company announced a quarterly dividend of $0.97 per share, resulting in an annualized yield of 1.4% and a payout ratio of 17.12%.

Voya Investment Management LLC increased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 48.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,192 shares of the financial services provider's stock after purchasing an additional 36,677 shares during the period. Voya Investment Management LLC's holdings in Chubb were worth $33,881,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. GQG Partners LLC boosted its stake in Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Demars Financial Group LLC raised its position in Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock worth $1,884,004,000 after buying an additional 878,177 shares during the last quarter. Ameriprise Financial Inc. raised its position in Chubb by 6.9% during the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider's stock worth $1,418,398,000 after buying an additional 304,751 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in Chubb by 1.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider's stock worth $840,756,000 after buying an additional 30,334 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Chubb by 15.4% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,753,719 shares of the financial services provider's stock worth $760,853,000 after buying an additional 366,559 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Trading Down 1.7%

CB opened at $278.02 on Friday. The firm has a market capitalization of $110.84 billion, a P/E ratio of 12.26, a P/E/G ratio of 3.19 and a beta of 0.56. The firm's 50 day moving average is $274.38 and its 200-day moving average is $283.40. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

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

Chubb Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. UBS Group cut their price objective on shares of Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a research report on Monday, July 28th. Hsbc Global Res cut shares of Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Piper Sandler reaffirmed a "neutral" rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Evercore ISI set a $312.00 target price on shares of Chubb in a research report on Wednesday, July 23rd. Finally, Deutsche Bank Aktiengesellschaft cut shares of Chubb from a "buy" rating to a "hold" rating and set a $303.00 target price on the stock. in a research report on Tuesday, May 20th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $302.00.

Insider Buying and Selling

In other news, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction that occurred on Tuesday, July 1st. The shares were sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the sale, the insider owned 91,180 shares in the company, valued at $26,447,670.80. This trade represents a 5.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Michael Corbat purchased 425 shares of the company's stock in a transaction that occurred on Friday, July 25th. The stock was bought at an average price of $269.80 per share, with a total value of $114,665.00. Following the purchase, the director owned 2,450 shares of the company's stock, valued at approximately $661,010. The trade was a 20.99% increase in their position. The disclosure for this purchase can be found here. Company insiders own 0.77% of the company's stock.

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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