Hudson Valley Investment Advisors Inc. ADV Sells 951 Shares of Chubb Limited (NYSE:CB)

Hudson Valley Investment Advisors Inc. ADV cut its holdings in shares of Chubb Limited (NYSE:CB) by 35.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,720 shares of the financial services provider’s stock after selling 951 shares during the period. Hudson Valley Investment Advisors Inc. ADV’s holdings in Chubb were worth $496,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Norden Group LLC acquired a new stake in shares of Chubb in the 1st quarter valued at $1,971,000. FORVIS Wealth Advisors LLC increased its position in Chubb by 2.8% in the first quarter. FORVIS Wealth Advisors LLC now owns 2,533 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 70 shares during the period. Private Advisor Group LLC raised its holdings in Chubb by 9.2% during the 1st quarter. Private Advisor Group LLC now owns 10,603 shares of the financial services provider’s stock worth $2,747,000 after purchasing an additional 893 shares during the last quarter. Diversify Advisory Services LLC acquired a new position in Chubb during the 1st quarter valued at about $445,000. Finally, Prosperity Consulting Group LLC bought a new position in shares of Chubb during the first quarter worth $240,000. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent analyst reports. JMP Securities upped their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday. Morgan Stanley raised their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday. Wells Fargo & Company decreased their price objective on Chubb from $269.00 to $266.00 and set an “equal weight” rating for the company in a research report on Thursday. Bank of America raised their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Finally, Piper Sandler upped their price target on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $286.47.

Chubb Price Performance

NYSE:CB opened at $282.44 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The stock’s 50-day simple moving average is $288.20 and its 200 day simple moving average is $270.41. The company has a market cap of $114.14 billion, a P/E ratio of 11.57, a P/E/G ratio of 5.87 and a beta of 0.66. Chubb Limited has a 52-week low of $212.82 and a 52-week high of $302.05.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.93 by $0.79. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the business earned $4.95 earnings per share. As a group, sell-side analysts forecast that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 13th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.29%. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 86,636 shares of company stock worth $24,874,208. Company insiders own 0.86% of the company’s stock.

About Chubb

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.