Voya Investment Management LLC Has $17.21 Million Holdings in Chubb Limited $CB

by · The Cerbat Gem

Voya Investment Management LLC trimmed its stake in shares of Chubb Limited (NYSE:CB – Free Report) by 18.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,963 shares of the financial services provider’s stock after selling 13,859 shares during the period. Voya Investment Management LLC’s holdings in Chubb were worth $17,207,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CB. Brighton Jones LLC raised its stake in shares of Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new position in Chubb during the 4th quarter worth approximately $205,000. CW Advisors LLC grew its stake in shares of Chubb by 212.7% during the 1st quarter. CW Advisors LLC now owns 5,867 shares of the financial services provider’s stock worth $1,757,000 after acquiring an additional 3,991 shares in the last quarter. Sax Wealth Advisors LLC acquired a new stake in shares of Chubb in the first quarter valued at approximately $204,000. Finally, Northwestern Mutual Wealth Management Co. lifted its position in shares of Chubb by 0.5% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 28,518 shares of the financial services provider’s stock worth $8,612,000 after purchasing an additional 153 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Stock Up 0.1%

Chubb stock opened at $310.93 on Tuesday. The stock has a market cap of $122.37 billion, a P/E ratio of 12.98, a P/E/G ratio of 3.55 and a beta of 0.51. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $313.46. The company’s 50-day moving average price is $291.40 and its two-hundred day moving average price is $282.83.

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

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a $0.97 dividend. The ex-dividend date is Friday, December 12th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s payout ratio is 16.19%.

Wall Street Analyst Weigh In

Several brokerages have commented on CB. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research report on Thursday, October 9th. Barclays increased their price objective on Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $309.00 price target on shares of Chubb in a research report on Monday, October 27th. Morgan Stanley set a $310.00 price objective on shares of Chubb in a research report on Tuesday, December 16th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Chubb in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $311.90.

Get Our Latest Analysis on Chubb

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 850 shares of Chubb stock in a transaction on Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the transaction, the executive vice president directly owned 1,585 shares of the company’s stock, valued at $467,876.15. The trade was a 34.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 sale, the insider directly owned 74,225 shares in the company, valued at approximately $22,004,001.25. This trade represents a 18.07% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 57,333 shares of company stock valued at $16,629,873 in the last quarter. Company insiders own 0.86% of the company’s stock.

Chubb Profile

(Free Report)

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.

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