Trexquant Investment LP Sells 25,704 Shares of Chubb Limited (NYSE:CB)

Trexquant Investment LP trimmed its holdings in Chubb Limited (NYSE:CB) by 65.6% in the 4th quarter, Holdings Channel reports. The fund owned 13,492 shares of the financial services provider’s stock after selling 25,704 shares during the quarter. Trexquant Investment LP’s holdings in Chubb were worth $3,049,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Private Advisor Group LLC increased its position in Chubb by 8.8% in the third quarter. Private Advisor Group LLC now owns 9,265 shares of the financial services provider’s stock worth $1,929,000 after purchasing an additional 752 shares during the last quarter. Lincoln National Corp increased its holdings in shares of Chubb by 24.2% during the third quarter. Lincoln National Corp now owns 7,529 shares of the financial services provider’s stock valued at $1,567,000 after acquiring an additional 1,466 shares in the last quarter. Parsons Capital Management Inc. RI increased its holdings in shares of Chubb by 3.1% during the third quarter. Parsons Capital Management Inc. RI now owns 4,779 shares of the financial services provider’s stock valued at $995,000 after acquiring an additional 145 shares in the last quarter. Versor Investments LP boosted its position in Chubb by 60.9% in the third quarter. Versor Investments LP now owns 8,083 shares of the financial services provider’s stock valued at $1,683,000 after buying an additional 3,059 shares during the last quarter. Finally, Childress Capital Advisors LLC purchased a new stake in Chubb in the third quarter valued at approximately $302,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

NYSE:CB traded up $1.68 during midday trading on Friday, hitting $264.76. The company had a trading volume of 862,636 shares, compared to its average volume of 1,701,991. Chubb Limited has a 52-week low of $183.71 and a 52-week high of $275.41. The stock’s fifty day moving average price is $253.77 and its 200-day moving average price is $241.57. The company has a market capitalization of $107.51 billion, a PE ratio of 11.75, a P/E/G ratio of 9.33 and a beta of 0.63. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The firm had revenue of $12.22 billion during the quarter, compared to the consensus estimate of $11.75 billion. During the same period in the prior year, the firm posted $4.41 earnings per share. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. As a group, research analysts expect that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.91 per share. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, June 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.37%. Chubb’s dividend payout ratio is presently 15.27%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CB shares. Citigroup reiterated a “neutral” rating and set a $275.00 target price (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. Piper Sandler reiterated an “overweight” rating and set a $282.00 price target on shares of Chubb in a report on Monday, April 1st. Evercore ISI lifted their target price on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. StockNews.com downgraded Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, UBS Group increased their target price on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research report on Monday, February 5th. Eleven investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.70.

Insider Buying and Selling

In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the sale, the executive vice president now directly owns 50,486 shares in the company, valued at approximately $12,879,483.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Joseph F. Wayland sold 26,946 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $257.02, for a total transaction of $6,925,660.92. Following the completion of the transaction, the executive vice president now owns 95,252 shares in the company, valued at approximately $24,481,669.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares in the company, valued at approximately $12,879,483.46. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 145,815 shares of company stock worth $37,349,247. 0.86% of the stock is owned by insiders.

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.