Chubb Limited $CB Stock Sold by Yousif Capital Management LLC

Key Points

• Yousif Capital Management reduced its Chubb holdings by 5% in the third quarter, selling 3,386 shares and retaining 64,125 shares valued at approximately $20.9 million. Institutional investors and hedge funds own 83.81% of Chubb.
• Chubb exceeded quarterly expectations, reporting $7.66 in earnings per share versus the $6.77 consensus and revenue of $16.20 billion. The company also pays a quarterly dividend of $1.02 per share, yielding about 1.1% annually.
• Analyst sentiment remains mixed: Chubb has an average “Hold” rating and a consensus price target near $361, while shares recently traded at $355.16 after reaching a 52-week high of $365.91.

Yousif Capital Management LLC reduced its holdings in Chubb Limited (NYSE:CB - Free Report) by 5.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 64,125 shares of the financial services provider's stock after selling 3,386 shares during the quarter. Yousif Capital Management LLC's holdings in Chubb were worth $20,857,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. IMG Wealth Management Inc. acquired a new stake in Chubb during the second quarter worth about $25,000. Dunhill Financial LLC bought a new position in Chubb in the second quarter worth about $25,000. Parvin Asset Management LLC acquired a new position in Chubb in the second quarter valued at approximately $26,000. Highland Investment Advisors LLC acquired a new position in Chubb in the second quarter valued at approximately $26,000. Finally, Frazier Financial Advisors LLC grew its holdings in shares of Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock valued at $27,000 after purchasing an additional 38 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Morgan Stanley dropped their price target on Chubb from $360.00 to $350.00 and set an "equal weight" rating on the stock in a research report on Tuesday, October 6th. The Goldman Sachs Group boosted their price objective on Chubb from $362.00 to $386.00 and gave the company a "buy" rating in a research report on Wednesday, July 1st. Wells Fargo & Company upped their price objective on Chubb from $343.00 to $366.00 and gave the stock an "equal weight" rating in a research note on Thursday. JPMorgan Chase & Co. increased their target price on Chubb from $371.00 to $374.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, Mizuho increased their target price on Chubb from $336.00 to $350.00 and gave the stock a "neutral" rating in a research report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Chubb presently has an average rating of "Hold" and an average price target of $361.09.

Chubb Stock Performance

Shares of NYSE:CB traded down $8.79 during trading hours on Friday, hitting $355.16. The stock had a trading volume of 1,660,993 shares, compared to its average volume of 1,597,762. The stock's fifty day simple moving average is $341.68 and its 200 day simple moving average is $337.44. Chubb Limited has a 1-year low of $273.35 and a 1-year high of $365.91. The firm has a market capitalization of $137.02 billion, a price-to-earnings ratio of 12.43, a PEG ratio of 1.62 and a beta of 0.36. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.35.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, beating analysts' consensus estimates of $6.77 by $0.89. The company had revenue of $16.20 billion for the quarter, compared to analysts' expectations of $15.66 billion. Chubb had a return on equity of 14.41% and a net margin of 18.15%. During the same quarter in the previous year, the company posted $7.49 earnings per share. Sell-side analysts anticipate that Chubb Limited will post 27.83 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.1%. Chubb's payout ratio is presently 14.28%.

Key Stories Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb’s latest earnings call highlighted solid profits, strong underwriting performance and investment-float growth, supporting the view that the insurer’s core business remains healthy. Chubb Earnings Call Highlights
• Positive Sentiment: Goldman Sachs maintained its Buy rating, while Wells Fargo raised its price target to $366 and JPMorgan increased its target to $374, indicating some analysts still see additional upside. Wells Fargo Rating
• Positive Sentiment: One analysis argued that Chubb may remain inexpensive despite a roughly 105% run, with valuation supported by its earnings power and underwriting results. Chubb Valuation Analysis
• Neutral Sentiment: Wells Fargo kept an Equal Weight view, JPMorgan and Mizuho retained Neutral ratings, and Cantor Fitzgerald, Barclays and Deutsche Bank maintained Hold ratings. The broad analyst stance remains cautious rather than decisively bullish. Deutsche Bank Rating
• Negative Sentiment: Several revised targets remain close to the trading price: Mizuho’s $350 target implies downside, while the reported consensus target of $358.36 suggests limited near-term appreciation. This may be weighing on the stock after its strong advance. Chubb Consensus Price Target

Insider Buying and Selling at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the business's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Michael Connors sold 5,500 shares of the stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the transaction, the director directly owned 12,803 shares of the company's stock, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is owned by insiders.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers' compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.

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