Bridgewater Associates LP Has $6.88 Million Holdings in Chubb Limited (NYSE:CB)

Bridgewater Associates LP lessened its holdings in Chubb Limited (NYSE:CB) by 74.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,845 shares of the financial services provider’s stock after selling 69,567 shares during the quarter. Bridgewater Associates LP’s holdings in Chubb were worth $6,877,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of CB. Pathway Financial Advisers LLC acquired a new stake in Chubb during the 1st quarter worth $25,000. Beacon Capital Management LLC grew its stake in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the period. Chilton Capital Management LLC acquired a new stake in shares of Chubb during the second quarter worth $26,000. Strategic Financial Concepts LLC bought a new stake in Chubb in the second quarter valued at about $28,000. Finally, Kozak & Associates Inc. acquired a new position in Chubb in the third quarter valued at about $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CB shares. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a report on Wednesday, October 30th. Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Piper Sandler boosted their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, Barclays initiated coverage on Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price target on the stock. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $287.37.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 6,599 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $287.06, for a total transaction of $1,894,308.94. Following the transaction, the executive vice president now directly owns 84,101 shares of the company’s stock, valued at approximately $24,142,033.06. This trade represents a 7.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the completion of the sale, the director now owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 82,715 shares of company stock worth $23,803,540 over the last quarter. Company insiders own 0.86% of the company’s stock.

Chubb Stock Down 0.6 %

CB stock opened at $288.73 on Friday. Chubb Limited has a 1-year low of $216.90 and a 1-year high of $302.05. The business’s 50 day simple moving average is $287.30 and its 200 day simple moving average is $275.50. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $116.39 billion, a PE ratio of 11.82, a PEG ratio of 6.77 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $4.95 earnings per share. As a group, research analysts anticipate that Chubb Limited will post 21.77 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.26%. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

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.