Chubb Limited $CB Stake Cut by Bender Robert & Associates

Key Points

• Bender Robert & Associates reduced its stake in Chubb Limited by 2.7%, now owning 32,658 shares valued at approximately $9.46 million.
• Chubb reported a strong quarterly earnings performance, with an EPS of $6.14 beating estimates and a net revenue of $14.20 billion.
• The company declared a quarterly dividend of $0.97 per share, representing an annual yield of 1.4% and a payout ratio of 17.12%.

Bender Robert & Associates decreased its holdings in Chubb Limited (NYSE:CB - Free Report) by 2.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,658 shares of the financial services provider's stock after selling 920 shares during the period. Chubb comprises 2.1% of Bender Robert & Associates' portfolio, making the stock its 17th largest holding. Bender Robert & Associates' holdings in Chubb were worth $9,462,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GQG Partners LLC grew its holdings in shares of Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock valued at $2,836,899,000 after acquiring an additional 4,964,298 shares in the last quarter. Nuveen LLC acquired a new stake in Chubb during the first quarter valued at $562,221,000. Demars Financial Group LLC grew its stake in Chubb by 16.4% in the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock valued at $1,884,004,000 after purchasing an additional 878,177 shares in the last quarter. Ameriprise Financial Inc. increased its position in Chubb by 6.9% in 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 purchasing an additional 304,751 shares during the last quarter. Finally, Cohen Investment Advisors LLC raised its stake in shares of Chubb by 2,408.4% during the 1st quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider's stock worth $88,456,000 after purchasing an additional 281,234 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

CB stock opened at $284.13 on Friday. The company has a 50 day moving average price of $276.36 and a 200 day moving average price of $282.07. 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 current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $113.28 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 3.23 and a beta of 0.54.

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

Chubb Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CB. Wolfe Research raised Chubb to a "strong-buy" rating in a research note on Tuesday, September 16th. Weiss Ratings reissued a "buy (b)" rating on shares of Chubb in a research report on Wednesday. JPMorgan Chase & Co. raised their price target on shares of Chubb from $321.00 to $327.00 and gave the company a "neutral" rating in a report on Thursday. Hsbc Global Res lowered shares of Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Finally, Keefe, Bruyette & Woods increased their target price on shares of Chubb from $324.00 to $333.00 and gave the stock an "outperform" rating in a research report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $306.82.

Insider Buying and Selling at Chubb

In other Chubb news, Director Michael Corbat bought 425 shares of the company's stock in a transaction on Friday, July 25th. The stock was bought at an average price of $269.80 per share, for a total transaction of $114,665.00. Following the transaction, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.77% of the stock is currently owned by company insiders.

Chubb 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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