Federated Hermes Inc. Has $88.46 Million Position in Chubb Limited (NYSE:CB)

Federated Hermes Inc. lowered its position in shares of Chubb Limited (NYSE:CB) by 15.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 346,803 shares of the financial services provider’s stock after selling 63,607 shares during the quarter. Federated Hermes Inc. owned 0.09% of Chubb worth $88,463,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Pathway Financial Advisers LLC acquired a new position in shares of Chubb in the first quarter valued at approximately $25,000. Beacon Capital Management LLC boosted its holdings in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares during the period. Chilton Capital Management LLC acquired a new position in shares of Chubb in the second quarter valued at approximately $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb in the second quarter valued at approximately $28,000. Finally, Ables Iannone Moore & Associates Inc. acquired a new position in shares of Chubb in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research reports. Roth Mkm boosted their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. JMP Securities boosted their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “market outperform” rating in a research report on Wednesday, July 24th. Royal Bank of Canada boosted their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research report on Thursday, July 25th. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $304.00 to $305.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Barclays initiated coverage on shares of Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and a consensus target price of $274.70.

Chubb Price Performance

NYSE:CB opened at $288.87 on Friday. Chubb Limited has a one year low of $204.15 and a one year high of $294.18. The company has a market cap of $116.68 billion, a P/E ratio of 12.82, a P/E/G ratio of 5.59 and a beta of 0.66. The firm’s fifty day moving average price is $272.40 and its two-hundred day moving average price is $261.92. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm had revenue of $13.36 billion for the quarter, compared to the consensus estimate of $13.04 billion. During the same period in the previous year, the company earned $4.92 earnings per share. The company’s quarterly revenue was up 11.8% on a year-over-year basis. Equities analysts expect that Chubb Limited will post 21.2 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. Chubb’s dividend payout ratio is currently 16.16%.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $285.49, for a total value of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Peter C. Enns sold 8,200 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $266.06, for a total transaction of $2,181,692.00. Following the completion of the transaction, the executive vice president now owns 45,853 shares in the company, valued at $12,199,649.18. The disclosure for this sale can be found here. Insiders have sold a total of 94,836 shares of company stock worth $27,055,900 over the last ninety days. Insiders own 0.86% of the company’s stock.

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.