KRS Capital Management LLC Sells 89 Shares of Chubb Limited (NYSE:CB)

KRS Capital Management LLC decreased its holdings in shares of Chubb Limited (NYSE:CB) by 2.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 3,743 shares of the financial services provider’s stock after selling 89 shares during the period. Chubb makes up 0.8% of KRS Capital Management LLC’s holdings, making the stock its 26th largest position. KRS Capital Management LLC’s holdings in Chubb were worth $970,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Lazard Asset Management LLC boosted its stake in Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after purchasing an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd boosted its stake in Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after purchasing an additional 324,019 shares during the period. ING Groep NV boosted its stake in Chubb by 175,378.1% in the 4th quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock worth $25,381,000 after purchasing an additional 112,242 shares during the period. Graypoint LLC boosted its stake in Chubb by 1,275.7% in the 4th quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after purchasing an additional 29,302 shares during the period. Finally, BKM Wealth Management LLC acquired a new position in shares of Chubb during the 4th quarter worth about $1,403,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity

In related news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the transaction, the executive vice president now owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Peter C. Enns sold 8,200 shares of Chubb stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the transaction, the executive vice president now owns 45,853 shares of the company’s stock, valued at $12,199,649.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the transaction, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,552 shares of company stock valued at $12,149,985. Insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $255.07 on Friday. Chubb Limited has a fifty-two week low of $183.71 and a fifty-two week high of $275.41. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a market capitalization of $103.57 billion, a P/E ratio of 11.32, a P/E/G ratio of 6.29 and a beta of 0.66. The company’s 50 day moving average price is $259.30 and its two-hundred day moving average price is $248.48.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating analysts’ consensus estimates of $5.29 by $0.12. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the business posted $4.41 earnings per share. On average, equities analysts forecast that Chubb Limited will post 21.15 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, June 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.43%. This is an increase from Chubb’s previous quarterly dividend of $0.86. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of recent research reports. Royal Bank of Canada restated an “outperform” rating and set a $285.00 price objective on shares of Chubb in a research note on Friday. William Blair cut shares of Chubb from a “market perform” rating to an “underperform” rating in a report on Friday. Piper Sandler reaffirmed an “overweight” rating and issued a $282.00 target price on shares of Chubb in a report on Monday, April 1st. Morgan Stanley upped their target price on shares of Chubb from $258.00 to $260.00 and gave the company an “equal weight” rating in a report on Monday, April 15th. Finally, The Goldman Sachs Group upped their target price on shares of Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a report on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $266.70.

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.