Chubb Limited (NYSE:CB) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its holdings in Chubb Limited (NYSE:CB - Free Report) by 5.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 279,528 shares of the financial services provider's stock after selling 15,703 shares during the quarter. Federated Hermes Inc. owned 0.07% of Chubb worth $84,415,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Peoples Bank KS purchased a new stake in Chubb in the 1st quarter valued at approximately $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb during the 1st quarter valued at approximately $25,000. North Capital Inc. acquired a new stake in shares of Chubb during the 1st quarter valued at approximately $26,000. IMA Advisory Services Inc. acquired a new stake in shares of Chubb during the 1st quarter valued at approximately $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 89 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Price Performance

Shares of Chubb stock traded up $1.36 during trading on Friday, hitting $267.40. 3,214,985 shares of the company were exchanged, compared to its average volume of 1,821,994. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The stock has a market capitalization of $106.61 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 3.03 and a beta of 0.53. The firm has a 50 day moving average price of $282.61 and a 200 day moving average price of $282.34.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same period in the previous year, the firm posted $5.38 EPS. The company's quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th were issued a $0.97 dividend. This is a boost from Chubb's previous quarterly dividend of $0.91. The ex-dividend date was Friday, June 13th. This represents a $3.88 annualized dividend and a yield of 1.5%. Chubb's payout ratio is presently 17.12%.

Chubb declared that its Board of Directors has authorized a stock buyback plan on Thursday, May 15th that allows the company to repurchase $5.00 billion in shares. This repurchase authorization allows the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on CB shares. Morgan Stanley lifted their price target on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research report on Monday, May 19th. Jefferies Financial Group lifted their price target on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. UBS Group reduced their price target on shares of Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a research report on Monday. Barclays downgraded shares of Chubb from an "overweight" rating to an "equal weight" rating and reduced their price target for the company from $321.00 to $298.00 in a research report on Monday, July 7th. Finally, Evercore ISI set a $312.00 price target on shares of Chubb in a research report on Wednesday, July 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $301.50.

Insider Buying and Selling at Chubb

In other Chubb news, insider John J. Lupica sold 5,513 shares of the business's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total value of $1,599,100.78. Following the completion of the transaction, the insider directly owned 91,180 shares in the company, valued at approximately $26,447,670.80. The trade was a 5.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael Corbat purchased 425 shares of the business's stock in a transaction on Friday, July 25th. The stock was acquired at an average price of $269.80 per share, with a total value of $114,665.00. Following the completion of the acquisition, the director directly owned 2,450 shares in the company, valued at $661,010. The trade was a 20.99% increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders sold 100,390 shares of company stock worth $29,163,135. Insiders own 0.77% of the company's stock.

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.