Texas Yale Capital Corp. Has $3.30 Million Stock Holdings in Chubb Limited (NYSE:CB)

Key Points

• Texas Yale Capital Corp. has reduced its stake in Chubb Limited by 12.0%, selling 1,492 shares during the first quarter, bringing its total holdings to 10,930 shares valued at $3,301,000.
• Chubb recently declared a quarterly dividend increase to $0.97 per share, up from $0.91, representing an annualized yield of 1.44%.
• Analyst ratings for Chubb range from one sell rating to two strong buy ratings, with a consensus price target of $302.64 and a current rating of Moderate Buy.

Texas Yale Capital Corp. trimmed its holdings in Chubb Limited (NYSE:CB - Free Report) by 12.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,930 shares of the financial services provider's stock after selling 1,492 shares during the period. Texas Yale Capital Corp.'s holdings in Chubb were worth $3,301,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CB. Peoples Bank KS acquired a new stake in shares of Chubb during the first quarter worth $25,000. Opal Wealth Advisors LLC acquired a new stake in shares of Chubb in the 1st quarter valued at about $25,000. North Capital Inc. acquired a new stake in shares of Chubb in the 1st quarter valued at about $26,000. IMA Advisory Services Inc. acquired a new stake in shares of Chubb in the 1st quarter valued at about $31,000. Finally, Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of Chubb by 254.3% in 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 purchasing an additional 89 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In other news, COO John W. Keogh sold 9,794 shares of the company's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $292.99, for a total transaction of $2,869,544.06. Following the completion of the sale, the chief operating officer owned 247,538 shares of the company's stock, valued at approximately $72,526,158.62. This represents a 3.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael Corbat purchased 425 shares of the business's 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 owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders sold 100,390 shares of company stock valued at $29,163,135. Company insiders own 0.86% of the company's stock.

Wall Street Analyst Weigh In

CB has been the topic of several recent research reports. Jefferies Financial Group lifted their price target on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Piper Sandler reissued a "neutral" rating and issued a $283.00 price target (down previously from $335.00) on shares of Chubb in a research note on Thursday. Deutsche Bank Aktiengesellschaft downgraded Chubb from a "buy" rating to a "hold" rating and set a $303.00 price target on the stock. in a research note on Tuesday, May 20th. Wells Fargo & Company cut their price target on shares of Chubb from $285.00 to $267.00 and set an "equal weight" rating on the stock in a research report on Thursday. Finally, Morgan Stanley boosted their price target on shares of Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $303.14.

Chubb Stock Performance

CB traded down $3.28 on Monday, reaching $265.87. The company had a trading volume of 2,541,489 shares, compared to its average volume of 1,991,524. 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 cap of $106.54 billion, a P/E ratio of 12.48, a P/E/G ratio of 3.07 and a beta of 0.53. The company's fifty day moving average is $284.54 and its 200 day moving average is $282.46. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.34.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 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 business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. During the same quarter in the prior year, the business earned $5.38 EPS. Chubb's quarterly revenue was up 6.3% on a year-over-year basis. As a group, analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb declared that its Board of Directors has authorized a share repurchase program on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's leadership believes its shares are undervalued.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date was Friday, June 13th. This is an increase from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio is 17.12%.

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.