WINTON GROUP Ltd Has $4.83 Million Stock Position in Chubb Limited $CB

Key Points

• WINTON GROUP Ltd. reduced its Chubb stake by 19.4% in the second quarter, selling 3,412 shares and retaining 14,168 shares valued at approximately $4.83 million. Institutional investors collectively own 83.81% of Chubb.
• Analyst sentiment is mixed, with a consensus “Hold” rating and an average price target of $361.00. Recent targets range from $301 to $374.
• Chubb reported quarterly EPS of $7.26, beating estimates of $6.77, while revenue rose 3.6% year over year. The company also declared a $1.02 quarterly dividend, equivalent to a 1.2% annualized yield.

WINTON GROUP Ltd lowered its position in Chubb Limited (NYSE:CB - Free Report) by 19.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,168 shares of the financial services provider's stock after selling 3,412 shares during the quarter. WINTON GROUP Ltd's holdings in Chubb were worth $4,828,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Cherry Tree Wealth Management LLC lifted its position in Chubb by 38.3% in the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider's stock worth $35,000 after purchasing an additional 31 shares during the period. Phillips Wealth Planners LLC increased its holdings in Chubb by 1.8% in the 4th quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider's stock valued at $521,000 after buying an additional 31 shares during the period. Hoxton Planning & Management LLC increased its holdings in Chubb by 4.3% in the 4th quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider's stock valued at $233,000 after buying an additional 31 shares during the period. South Plains Financial Inc. raised its stake in shares of Chubb by 2.2% in the 4th quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider's stock valued at $500,000 after buying an additional 34 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. raised its stake in shares of Chubb by 0.8% in the 1st quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider's stock valued at $1,338,000 after buying an additional 34 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CB. Piper Sandler lifted their target price on shares of Chubb from $340.00 to $374.00 and gave the company a "neutral" rating in a research report on Wednesday, July 15th. Evercore restated an "outperform" rating and set a $374.00 price target on shares of Chubb in a research note on Friday, July 10th. Morgan Stanley lifted their price objective on Chubb from $340.00 to $360.00 and gave the company an "equal weight" rating in a report on Wednesday, August 19th. Atlantic Securities set a $301.00 target price on Chubb in a report on Wednesday, July 15th. Finally, HSBC downgraded Chubb from a "buy" rating to a "hold" rating and raised their target price for the stock from $370.00 to $373.00 in a research report on Monday, July 6th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $361.00.

Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 8,502 shares of the business's stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael Connors sold 5,500 shares of the company's 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 transaction, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. This represents a 30.05% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.37% of the company's stock.

Chubb Stock Performance

Shares of NYSE:CB opened at $338.51 on Friday. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The firm has a market cap of $130.60 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 1.61 and a beta of 0.37. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The business has a fifty day moving average of $347.43 and a 200-day moving average of $334.75.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter in the prior year, the company earned $6.14 EPS. The firm's quarterly revenue was up 3.6% on a year-over-year basis. On average, equities research analysts predict that Chubb Limited will post 27.35 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb's dividend payout ratio is 14.43%.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. The company serves businesses, individuals, and institutional clients, offering coverage for commercial property, liability, marine, cyber risk, workers' compensation, professional lines, personal assets, and other specialty risks.

Chubb distributes its products through brokers, agents, banks, and other business partners. Its commercial insurance operations serve companies ranging from small businesses to multinational corporations, while its personal insurance business provides coverage for homes, automobiles, valuable possessions, and other personal risks.

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