Diversified Trust Co Has $15.98 Million Position in Chubb Limited $CB

Key Points

• Diversified Trust Co reduced its stake in Chubb Limited (NYSE:CB) by 3.8% in Q2, bringing its total share count to 55,147 valued at approximately $15.98 million.
• Chubb's quarterly earnings exceeded expectations, reporting $6.14 earnings per share compared to the consensus estimate of $5.84, while revenue was up 6.3% year-over-year at $14.20 billion.
• The company announced a quarterly dividend of $0.97, with a yield of 1.4%, reflecting a dividend payout ratio of 17.12%.

Diversified Trust Co cut its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 55,147 shares of the financial services provider's stock after selling 2,177 shares during the period. Diversified Trust Co's holdings in Chubb were worth $15,977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its stake in shares of Chubb by 0.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 10,445 shares of the financial services provider's stock worth $3,026,000 after buying an additional 65 shares in the last quarter. Perpetual Ltd raised its stake in shares of Chubb by 3.2% in the 2nd quarter. Perpetual Ltd now owns 7,010 shares of the financial services provider's stock worth $2,031,000 after buying an additional 215 shares in the last quarter. Grove Bank & Trust increased its holdings in shares of Chubb by 5.6% in the second quarter. Grove Bank & Trust now owns 4,148 shares of the financial services provider's stock valued at $1,202,000 after buying an additional 220 shares in the last quarter. Sky Investment Group LLC increased its holdings in shares of Chubb by 1.6% in the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider's stock valued at $694,000 after buying an additional 38 shares in the last quarter. Finally, Trust Point Inc. increased its holdings in shares of Chubb by 80.9% in the second quarter. Trust Point Inc. now owns 2,146 shares of the financial services provider's stock valued at $622,000 after buying an additional 960 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Michael Corbat purchased 425 shares of Chubb stock in a transaction dated Friday, July 25th. The shares were bought at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John J. Lupica sold 5,513 shares of Chubb stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.

Chubb Trading Up 0.9%

CB stock traded up $2.47 during midday trading on Tuesday, reaching $275.47. The company's stock had a trading volume of 340,632 shares, compared to its average volume of 1,803,706. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The stock has a market cap of $109.83 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 3.09 and a beta of 0.56. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The business's 50-day simple moving average is $273.62 and its 200-day simple moving average is $282.86.

Chubb (NYSE:CB - Get Free Report) last announced 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. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The firm had revenue of $14.20 billion for the quarter, compared to analysts' expectations of $12.53 billion. During the same period last year, the firm earned $5.38 earnings per share. The business's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company 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. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. Chubb's dividend payout ratio (DPR) is currently 17.12%.

Analyst Ratings Changes

Several research analysts have issued reports on CB shares. Citigroup started coverage on Chubb in a report on Wednesday, August 13th. They issued a "buy" rating and a $326.00 price target on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Morgan Stanley lowered their price target on shares of Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a report on Monday, August 18th. Piper Sandler restated a "neutral" rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a report on Thursday, July 24th. Finally, Wells Fargo & Company decreased their price objective on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $303.06.

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.