Cyndeo Wealth Partners LLC Reduces Stock Holdings in Chubb Limited $CB

Cyndeo Wealth Partners LLC cut its holdings in Chubb Limited (NYSE:CB) by 8.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,368 shares of the financial services provider’s stock after selling 2,375 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Chubb were worth $6,878,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. 1248 Management LLC acquired a new position in Chubb during the first quarter worth about $31,000. VSM Wealth Advisory LLC purchased a new position in shares of Chubb during the 2nd quarter worth approximately $32,000. WPG Advisers LLC acquired a new position in shares of Chubb during the 1st quarter worth approximately $33,000. Heartwood Wealth Advisors LLC purchased a new stake in Chubb in the 3rd quarter valued at approximately $34,000. Finally, Maseco LLP purchased a new stake in Chubb in the 2nd quarter valued at approximately $35,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CB. JPMorgan Chase & Co. raised their price target on Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Mizuho started coverage on Chubb in a research report on Monday, December 15th. They set a “neutral” rating and a $318.00 price objective for the company. Deutsche Bank Aktiengesellschaft upped their target price on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a report on Monday, November 24th. UBS Group lifted their price target on shares of Chubb from $292.00 to $298.00 and gave the stock a “neutral” rating in a report on Monday, October 27th. Finally, JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $311.90.

Chubb Stock Down 0.2%

CB opened at $310.44 on Friday. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $313.46. The business has a 50-day moving average of $290.83 and a two-hundred day moving average of $282.75. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The stock has a market capitalization of $122.17 billion, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 3.55 and a beta of 0.51.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $12.95 billion. During the same period last year, the company earned $5.72 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be paid 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 1.2%. Chubb’s payout ratio is currently 16.19%.

Insider Transactions at Chubb

In related news, insider John J. Lupica sold 16,375 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the transaction, the insider directly owned 74,225 shares of the company’s stock, valued at approximately $22,004,001.25. This trade represents a 18.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $297.08, for a total value of $1,731,976.40. Following the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This trade represents a 8.78% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,333 shares of company stock worth $16,629,873 in the last ninety days. Insiders own 0.77% of the company’s stock.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.