Chubb Limited $CB Stock: Guyasuta Investment Advisors Inc. Raises Holdings

Key Points

• Guyasuta Investment Advisors increased its Chubb stake by 68.7% in the third quarter, bringing its holdings to 9,700 shares valued at approximately $3.16 million. Institutional investors collectively own 83.81% of Chubb’s stock.
• Chubb insiders recently sold shares: Director Michael P. Connors sold $1.90 million worth, while EVP Joseph Wayland sold $3.10 million worth. Corporate insiders now own 0.37% of the company.
• Chubb’s latest quarterly earnings beat expectations, with EPS of $7.26 versus the $6.77 consensus, while revenue rose 3.6% year over year. The company pays a $1.02 quarterly dividend, and analysts’ consensus rating is Hold with a $358.36 target price.

Guyasuta Investment Advisors Inc. lifted its position in Chubb Limited (NYSE:CB - Free Report) by 68.7% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,700 shares of the financial services provider's stock after purchasing an additional 3,951 shares during the quarter. Guyasuta Investment Advisors Inc.'s holdings in Chubb were worth $3,155,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Stock Yards Bank & Trust Co. boosted its position in Chubb by 0.8% in the first quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider's stock valued at $1,338,000 after buying an additional 34 shares in the last quarter. Baker Tilly Wealth Management LLC grew its stake in Chubb by 4.9% during the third quarter. Baker Tilly Wealth Management LLC now owns 722 shares of the financial services provider's stock worth $235,000 after buying an additional 34 shares during the last quarter. Bayban grew its stake in Chubb by 7.1% during the first quarter. Bayban now owns 544 shares of the financial services provider's stock worth $177,000 after buying an additional 36 shares during the last quarter. Cypress Capital Group increased its holdings in shares of Chubb by 3.4% during the first quarter. Cypress Capital Group now owns 1,101 shares of the financial services provider's stock worth $359,000 after buying an additional 36 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in shares of Chubb by 0.4% during the second quarter. Parkside Financial Bank & Trust now owns 8,544 shares of the financial services provider's stock worth $2,911,000 after buying an additional 36 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Insider Buying and Selling

In other news, Director Michael P. Connors sold 5,500 shares of the stock in a transaction that occurred on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director directly owned 12,803 shares of the company's stock, valued at $4,417,035. This represents a 30.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph Wayland sold 8,502 shares of the firm's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company's stock, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

Chubb stock opened at $352.97 on Friday. The stock has a 50-day simple moving average of $340.26 and a 200 day simple moving average of $336.22. The stock has a market capitalization of $136.18 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 1.53 and a beta of 0.36. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping analysts' consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company's revenue was up 3.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $6.14 EPS. On average, research analysts anticipate that Chubb Limited will post 27.72 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were paid a $1.02 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb's payout ratio is currently 14.43%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Citizens Jmp reiterated a "market outperform" rating and issued a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Citigroup restated a "market outperform" rating on shares of Chubb in a research report on Wednesday, July 22nd. The Goldman Sachs Group increased their price target on Chubb from $362.00 to $386.00 and gave the stock a "buy" rating in a research report on Wednesday, July 1st. Evercore reaffirmed an "outperform" rating and set a $374.00 price target on shares of Chubb in a report on Friday, July 10th. Finally, Piper Sandler raised their price target on Chubb from $340.00 to $374.00 and gave the company a "neutral" rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, Chubb has an average rating of "Hold" and a consensus target price of $358.36.

Chubb Profile

Chubb Limited NYSE: CB is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings serve individuals, businesses, multinational corporations, and institutional customers.

The company provides commercial and personal property and casualty coverage, including general liability, commercial property, professional liability, cyber insurance, workers' compensation, homeowners insurance, automobile coverage, and specialty insurance.

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