Gulf International Bank UK Ltd Has $9.24 Million Stock Holdings in Chubb Limited (NYSE:CB)

Gulf International Bank UK Ltd decreased its holdings in shares of Chubb Limited (NYSE:CB) by 21.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,027 shares of the financial services provider’s stock after selling 8,498 shares during the period. Gulf International Bank UK Ltd’s holdings in Chubb were worth $9,236,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in CB. Private Advisor Group LLC grew its position in Chubb by 9.2% in the first quarter. Private Advisor Group LLC now owns 10,603 shares of the financial services provider’s stock valued at $2,747,000 after acquiring an additional 893 shares during the period. Central Pacific Bank Trust Division bought a new position in Chubb in the 1st quarter valued at $147,000. United Community Bank boosted its stake in Chubb by 184.9% in the first quarter. United Community Bank now owns 809 shares of the financial services provider’s stock worth $204,000 after purchasing an additional 525 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Chubb during the first quarter worth $961,000. Finally, Wellington Shields & Co. LLC bought a new position in shares of Chubb in the first quarter valued at about $94,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Down 0.5 %

NYSE:CB opened at $276.08 on Tuesday. The company has a current ratio of 0.28, a quick ratio of 0.31 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $288.24 and a two-hundred day moving average price of $271.22. Chubb Limited has a 1 year low of $216.26 and a 1 year high of $302.05. The stock has a market cap of $111.29 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 6.64 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $4.95 earnings per share. As a group, equities analysts expect that Chubb Limited will post 21.6 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, September 13th. Chubb’s dividend payout ratio is currently 14.91%.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the sale, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,636 shares of company stock valued at $24,874,208 in the last 90 days. 0.86% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CB has been the subject of several research reports. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Piper Sandler boosted their price objective on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Bank of America increased their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company dropped their target price on Chubb from $269.00 to $266.00 and set an “equal weight” rating for the company in a research report on Thursday, October 31st. Finally, Keefe, Bruyette & Woods raised their price target on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $287.26.

About Chubb

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.