Chubb Limited $CB Shares Sold by LS Investment Advisors LLC

Key Points

• LS Investment Advisors LLC reduced its stake in Chubb Limited by 2.9%, selling 1,461 shares, which now accounts for about 2.1% of the firm's portfolio.
• Chubb reported strong quarterly earnings with $6.14 EPS, beating estimates and the revenue of $14.20 billion is significantly above analyst expectations.
• The company declared a quarterly dividend of $0.97, representing an annualized yield of 1.4% with a dividend payout ratio of 17.12%.

LS Investment Advisors LLC trimmed its position in Chubb Limited (NYSE:CB - Free Report) by 2.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,551 shares of the financial services provider's stock after selling 1,461 shares during the period. Chubb accounts for approximately 2.1% of LS Investment Advisors LLC's investment portfolio, making the stock its 14th biggest holding. LS Investment Advisors LLC's holdings in Chubb were worth $14,356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new stake in Chubb during the 1st quarter worth about $25,000. Opal Wealth Advisors LLC acquired a new stake in Chubb during the 1st quarter worth about $25,000. North Capital Inc. acquired a new stake in Chubb during the 1st quarter worth about $26,000. IMA Advisory Services Inc. acquired a new stake in Chubb during the 1st quarter worth about $31,000. Finally, 1248 Management LLC acquired a new stake in Chubb during the 1st quarter worth about $31,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Up 0.1%

Shares of Chubb stock opened at $278.40 on Friday. The firm has a market capitalization of $111.00 billion, a PE ratio of 12.28, a P/E/G ratio of 3.14 and a beta of 0.56. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The firm's 50-day moving average price is $273.70 and its 200 day moving average price is $282.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB - Get Free Report) last issued 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. The firm 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%. Chubb's quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the company posted $5.38 EPS. On average, sell-side analysts predict 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 Friday, October 3rd. Investors of record on Friday, September 12th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.4%. Chubb's dividend payout ratio (DPR) is currently 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 that occurred on 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 transaction, the insider directly owned 91,180 shares of the company's stock, valued at $26,447,670.80. This trade represents a 5.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael Corbat bought 425 shares of the firm's stock in a transaction on Friday, July 25th. The stock was acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the purchase, the director directly owned 2,450 shares in the company, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Piper Sandler reaffirmed a "neutral" rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Wells Fargo & Company lowered their target price on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a research note on Thursday, July 24th. Hsbc Global Res lowered shares of Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Cantor Fitzgerald raised shares of Chubb to a "hold" rating in a research note on Wednesday, August 13th. Finally, Barclays lowered shares of Chubb from an "overweight" rating to an "equal weight" rating and lowered their target price for the stock from $321.00 to $298.00 in a research note on Monday, July 7th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $303.06.

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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