Federated Hermes Inc. Has $81.74 Million Stock Holdings in Chubb Limited $CB

Federated Hermes Inc. raised its stake in shares of Chubb Limited (NYSE:CB) by 0.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 282,119 shares of the financial services provider’s stock after buying an additional 2,591 shares during the period. Federated Hermes Inc. owned about 0.07% of Chubb worth $81,736,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Modern Wealth Management LLC boosted its holdings in Chubb by 6.2% in the 1st quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 143 shares during the period. Assetmark Inc. raised its position in shares of Chubb by 14.1% during the second quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock valued at $20,655,000 after buying an additional 8,828 shares during the last quarter. Trifecta Capital Advisors LLC raised its position in shares of Chubb by 764.7% during the second quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after buying an additional 130 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Chubb by 28.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock valued at $16,750,000 after buying an additional 12,784 shares during the period. Finally, Jump Financial LLC grew its position in Chubb by 633.6% during the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after buying an additional 7,065 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This trade represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the transaction, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. The trade was a 20.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 57,333 shares of company stock worth $16,629,873. Insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of several research reports. Barclays boosted their price target on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Wolfe Research lifted their price objective on Chubb from $320.00 to $336.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. UBS Group boosted their price objective on Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. JPMorgan Chase & Co. raised their target price on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Finally, Wells Fargo & Company lifted their price target on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $308.32.

Chubb Stock Up 0.1%

Shares of NYSE CB opened at $294.99 on Monday. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The business has a fifty day moving average of $286.28 and a two-hundred day moving average of $281.64. The stock has a market cap of $116.09 billion, a PE ratio of 12.31, a PEG ratio of 3.37 and a beta of 0.51.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter last year, the company posted $5.72 EPS. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

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.