Yousif Capital Management LLC Sells 3,135 Shares of Chubb Limited $CB

Key Points

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Yousif Capital Management LLC cut its position in shares of Chubb Limited (NYSE:CB - Free Report) by 3.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 80,824 shares of the financial services provider's stock after selling 3,135 shares during the quarter. Yousif Capital Management LLC's holdings in Chubb were worth $23,416,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. E Fund Management Co. Ltd. grew its stake in Chubb by 3.9% in the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider's stock valued at $291,000 after purchasing an additional 36 shares in the last quarter. Rise Advisors LLC grew its stake in Chubb by 4.6% in the first quarter. Rise Advisors LLC now owns 841 shares of the financial services provider's stock valued at $254,000 after purchasing an additional 37 shares in the last quarter. Avantax Planning Partners Inc. grew its stake in Chubb by 5.1% in the first quarter. Avantax Planning Partners Inc. now owns 783 shares of the financial services provider's stock valued at $236,000 after purchasing an additional 38 shares in the last quarter. Sky Investment Group LLC boosted its stake in shares of Chubb by 1.6% during the 2nd quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider's stock worth $694,000 after acquiring an additional 38 shares during the period. Finally, Lincoln Capital LLC boosted its stake in shares of Chubb by 0.6% during the 1st quarter. Lincoln Capital LLC now owns 6,962 shares of the financial services provider's stock worth $2,022,000 after acquiring an additional 39 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on CB. Weiss Ratings reiterated a "buy (b)" rating on shares of Chubb in a research note on Wednesday, October 8th. JPMorgan Chase & Co. lifted their target price on Chubb from $321.00 to $327.00 and gave the stock a "neutral" rating in a research note on Thursday. The Goldman Sachs Group lifted their target price on Chubb from $299.00 to $303.00 and gave the stock a "neutral" rating in a research note on Monday, October 6th. Wells Fargo & Company lifted their target price on Chubb from $267.00 to $277.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 8th. Finally, Morgan Stanley reduced their target price on Chubb from $300.00 to $295.00 and set an "equal weight" rating for the company in a research note on Monday, August 18th. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and twelve have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $306.82.

Chubb Stock Performance

NYSE:CB opened at $283.08 on Monday. The stock has a market cap of $112.86 billion, a P/E ratio of 12.49, a PEG ratio of 3.18 and a beta of 0.54. The stock has a 50 day simple moving average of $276.67 and a 200 day simple moving average of $281.80. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping the consensus estimate of $5.84 by $0.30. The business had revenue of $14.20 billion during 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 revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $5.38 EPS. Research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were issued a $0.97 dividend. The ex-dividend date of this dividend was Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb's payout ratio is currently 17.12%.

Insiders Place Their Bets

In related news, Director Michael Corbat acquired 425 shares of the company's stock in a transaction on Friday, July 25th. The stock was 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 approximately $661,010. The trade was a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is owned by corporate insiders.

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.

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