Chubb Limited $CB Stock Holdings Lifted by MassMutual Private Wealth & Trust FSB

Key Points

• MassMutual Private Wealth & Trust FSB increased its holdings in Chubb Limited by 1.0% during Q2, now owning 100,298 shares valued at $29 million.
• Chubb recently reported quarterly earnings of $6.14 per share, surpassing expectations and showing a revenue increase of 6.3% compared to the previous year.
• The company declared a quarterly dividend of $0.97 per share, scheduled to be paid on October 3rd, representing an annualized dividend yield of 1.4%.

MassMutual Private Wealth & Trust FSB lifted its position in Chubb Limited (NYSE:CB - Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,298 shares of the financial services provider's stock after acquiring an additional 987 shares during the period. MassMutual Private Wealth & Trust FSB's holdings in Chubb were worth $29,058,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. E Fund Management Co. Ltd. raised its stake in shares of Chubb by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock valued at $291,000 after purchasing an additional 36 shares in the last quarter. Rise Advisors LLC raised its stake in Chubb by 4.6% during the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider's stock worth $254,000 after acquiring an additional 37 shares in the last quarter. Sunflower Bank N.A. raised its stake in Chubb by 4.4% during the first quarter. Sunflower Bank N.A. now owns 905 shares of the financial services provider's stock worth $273,000 after acquiring an additional 38 shares in the last quarter. Avantax Planning Partners Inc. raised its stake in Chubb by 5.1% during the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock worth $236,000 after acquiring an additional 38 shares in the last quarter. Finally, Lincoln Capital LLC raised its stake in Chubb by 0.6% during the first quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider's stock worth $2,022,000 after acquiring an additional 39 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on CB. Cantor Fitzgerald upgraded Chubb to a "hold" rating in a research note on Wednesday, August 13th. HSBC lowered Chubb from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $317.00 to $300.00 in a research note on Friday, August 1st. Barclays lowered Chubb from an "overweight" rating to an "equal weight" rating and dropped their price objective for the stock from $321.00 to $298.00 in a research note on Monday, July 7th. UBS Group decreased their target price on Chubb from $304.00 to $292.00 and set a "neutral" rating on the stock in a report on Monday, July 28th. Finally, Wolfe Research set a $320.00 target price on Chubb and gave the stock an "outperform" rating in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $303.06.

Insider Buying and Selling

In related news, insider John J. Lupica sold 5,513 shares of the 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 in the company, valued at $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael Corbat acquired 425 shares of Chubb 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 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. Insiders own 0.86% of the company's stock.

Chubb Price Performance

Shares of CB stock opened at $274.03 on Tuesday. The stock's fifty day moving average is $274.26 and its 200-day moving average is $283.34. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $109.25 billion, a PE ratio of 12.09, a PEG ratio of 3.14 and a beta of 0.56. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91.

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

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be given a dividend of $0.97 per share. The ex-dividend date is 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%.

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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