Faithward Advisors LLC Sells 1,434 Shares of Chubb Limited $CB

Key Points

• Faithward Advisors LLC reduced its stake in Chubb Limited by 18.8%, selling 1,434 shares and bringing its total holdings to 6,198 shares valued at approximately $1.87 million.
• Chubb recently reported earnings of $6.14 per share, surpassing analysts' expectations and indicating a 6.3% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.97 per share, representing an annual yield of 1.4%, and has established a buyback program of up to $5 billion in shares.

Faithward Advisors LLC decreased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 18.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 6,198 shares of the financial services provider's stock after selling 1,434 shares during the period. Faithward Advisors LLC's holdings in Chubb were worth $1,872,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in CB. GQG Partners LLC grew its holdings in shares of Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider's stock worth $2,836,899,000 after acquiring an additional 4,964,298 shares during the period. GAMMA Investing LLC grew its holdings in shares of Chubb by 36,831.3% during the 1st quarter. GAMMA Investing LLC now owns 2,084,033 shares of the financial services provider's stock worth $629,357,000 after acquiring an additional 2,078,390 shares during the period. Nuveen LLC purchased a new position in shares of Chubb during the 1st quarter worth approximately $562,221,000. Royal Bank of Canada grew its holdings in shares of Chubb by 46.7% during the 4th quarter. Royal Bank of Canada now owns 4,406,052 shares of the financial services provider's stock worth $1,217,392,000 after acquiring an additional 1,403,545 shares during the period. Finally, Demars Financial Group LLC grew its holdings in shares of Chubb by 16.4% during the 1st quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider's stock worth $1,884,004,000 after acquiring an additional 878,177 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Evercore ISI set a $312.00 price target on Chubb in a research report on Wednesday, July 23rd. HSBC cut Chubb from a "buy" rating to a "hold" rating and dropped their price target for the stock from $317.00 to $300.00 in a research report on Friday, August 1st. Wells Fargo & Company dropped their price target on Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 24th. Hsbc Global Res cut Chubb from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Finally, Barclays cut Chubb from an "overweight" rating to an "equal weight" rating and dropped their price target for the stock from $321.00 to $298.00 in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $302.00.

Chubb Stock Down 1.7%

CB stock traded down $4.87 during midday trading on Friday, hitting $278.02. The company's stock had a trading volume of 2,115,158 shares, compared to its average volume of 1,651,878. The company has a market cap of $110.84 billion, a PE ratio of 12.26, a P/E/G ratio of 3.14 and a beta of 0.56. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $306.91. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm's 50-day moving average is $274.38 and its 200-day moving average is $283.41.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data 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% on a year-over-year basis. During the same period in the prior year, the firm posted $5.38 EPS. On average, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Investors of record on Friday, September 12th will be given a $0.97 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb's dividend payout ratio is 17.12%.

Insider Activity at Chubb

In other news, Director Michael Corbat purchased 425 shares of the stock in a transaction dated Friday, July 25th. The shares were purchased at an average cost of $269.80 per share, with a total value of $114,665.00. Following the acquisition, the director directly owned 2,450 shares of the company's stock, valued at $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider John J. Lupica sold 5,513 shares of the stock in a transaction 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. The trade was a 5.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.86% of the company's stock.

Chubb Company Profile

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.