Chubb Limited (NYSE:CB) Stock Holdings Trimmed by Mizuho Markets Americas LLC

Key Points

• Mizuho Markets Americas LLC reduced its stake in Chubb Limited by 43.9% during the first quarter, selling 3,991 shares and holding 5,105 shares worth approximately $1,542,000 as of the latest SEC filing.
• Chubb recently declared a quarterly dividend of $0.97 per share, marking an increase from the previous dividend of $0.91, resulting in an annualized dividend of $3.88 with a yield of 1.4%.
• Analysts have varying ratings on Chubb, with one sell rating, ten hold ratings, four buy ratings, and one strong buy rating, and a consensus price target of $301.50.

Mizuho Markets Americas LLC trimmed its position in Chubb Limited (NYSE:CB - Free Report) by 43.9% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,105 shares of the financial services provider's stock after selling 3,991 shares during the quarter. Mizuho Markets Americas LLC's holdings in Chubb were worth $1,542,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Demars Financial Group LLC grew its stake in shares of Chubb by 26,761.4% in the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after buying an additional 5,340,499 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Chubb by 36,831.3% in the first quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider's stock valued at $629,357,000 after buying an additional 2,078,390 shares in the last quarter. Royal Bank of Canada grew its stake in shares of Chubb by 46.7% in the fourth quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider's stock valued at $1,217,392,000 after buying an additional 1,403,545 shares in the last quarter. Castlekeep Investment Advisors LLC acquired a new stake in shares of Chubb in the fourth quarter valued at about $336,972,000. Finally, SG Americas Securities LLC grew its stake in shares of Chubb by 1,243.9% in the first quarter. SG Americas Securities LLC now owns 680,456 shares of the financial services provider's stock valued at $205,491,000 after buying an additional 629,822 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

NYSE:CB traded up $0.76 during trading hours on Thursday, reaching $275.80. 1,054,090 shares of the stock were exchanged, compared to its average volume of 2,194,648. 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 firm has a 50 day simple moving average of $278.26 and a 200-day simple moving average of $282.43. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The stock has a market capitalization of $109.96 billion, a P/E ratio of 12.17, a P/E/G ratio of 3.11 and a beta of 0.53.

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

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be issued a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. Chubb's dividend payout ratio (DPR) is 17.12%.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. HSBC lowered Chubb from a "buy" rating to a "hold" rating and lowered their target price for the company from $317.00 to $300.00 in a research note on Friday, August 1st. Hsbc Global Res lowered Chubb from a "strong-buy" rating to a "hold" rating in a research note on Friday, August 1st. Piper Sandler restated a "neutral" rating and set a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research note on Thursday, July 24th. Keefe, Bruyette & Woods raised their price objective on Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a research note on Wednesday, July 9th. Finally, UBS Group lowered their price objective on Chubb from $304.00 to $292.00 and set a "neutral" rating for the company in a research note on Monday, July 28th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $302.31.

Insider Buying and Selling

In related news, insider John J. Lupica sold 5,513 shares of the firm's stock in a transaction that occurred 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 sale, the insider owned 91,180 shares of the company's stock, valued at approximately $26,447,670.80. This trade represents a 5.70% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael Corbat bought 425 shares of the business's stock in a transaction on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the purchase, the director directly owned 2,450 shares in the company, valued at $661,010. This represents a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 100,390 shares of company stock valued at $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.