Sumitomo Mitsui Trust Holdings Inc. Sells 13,802 Shares of Chubb Limited (NYSE:CB)

Sumitomo Mitsui Trust Holdings Inc. cut its holdings in shares of Chubb Limited (NYSE:CB) by 1.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,154,916 shares of the financial services provider’s stock after selling 13,802 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in Chubb were worth $299,273,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. Saxon Interests Inc. boosted its position in Chubb by 6.2% during the 1st quarter. Saxon Interests Inc. now owns 4,489 shares of the financial services provider’s stock valued at $1,163,000 after acquiring an additional 261 shares in the last quarter. Verum Partners LLC bought a new stake in shares of Chubb during the first quarter valued at approximately $217,000. MV Capital Management Inc. grew its stake in Chubb by 3.2% in the first quarter. MV Capital Management Inc. now owns 12,633 shares of the financial services provider’s stock worth $3,274,000 after purchasing an additional 393 shares during the period. Woodmont Investment Counsel LLC raised its holdings in Chubb by 6.1% in the first quarter. Woodmont Investment Counsel LLC now owns 30,616 shares of the financial services provider’s stock worth $7,934,000 after purchasing an additional 1,748 shares in the last quarter. Finally, Oak Thistle LLC purchased a new position in Chubb during the first quarter valued at $377,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In related news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, COO John W. Keogh sold 34,707 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael G. Atieh sold 716 shares of the firm’s stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the sale, the director now owns 39,295 shares in the company, valued at approximately $10,597,861.50. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,552 shares of company stock valued at $12,149,985. Insiders own 0.86% of the company’s stock.

Chubb Trading Down 0.7 %

NYSE:CB opened at $253.77 on Thursday. The company has a market cap of $103.05 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 6.16 and a beta of 0.66. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a 50 day simple moving average of $259.48 and a two-hundred day simple moving average of $249.28. Chubb Limited has a 12 month low of $186.52 and a 12 month high of $275.41.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The company had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. During the same quarter in the previous year, the company posted $4.41 earnings per share. Chubb’s revenue was up 14.1% compared to the same quarter last year. Research analysts forecast that Chubb Limited will post 21.03 earnings per share for the current year.

Chubb Increases Dividend

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. StockNews.com lowered shares of Chubb from a “buy” rating to a “hold” rating in a research note on Wednesday, April 24th. Piper Sandler reiterated an “overweight” rating and set a $282.00 target price on shares of Chubb in a report on Monday, April 1st. Royal Bank of Canada restated an “outperform” rating and issued a $285.00 price target on shares of Chubb in a research note on Friday, June 28th. JMP Securities reiterated a “market outperform” rating and set a $280.00 price objective on shares of Chubb in a research note on Monday, April 15th. Finally, Citigroup reissued a “neutral” rating and issued a $275.00 target price (up from $238.00) on shares of Chubb in a research note on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $266.70.

Chubb 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.