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Delphi Management and Focus Partners Wealth reduce holdings in Chubb, despite its strong Q2 performance and stock rise.
Delphi Management and Focus Partners Wealth have recently reduced their stock holdings in Chubb Limited, an insurance provider that reported strong Q2 earnings and revenue, surpassing analysts' expectations.
Chubb's stock, trading at $278.02, has seen a 17.12% rise in the past year.
Analysts maintain a "Hold" rating with a target price of $302.00.
The company also announced a quarterly dividend of $0.97 per share, payable on October 3rd.
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Delphi Management y Focus Partners Wealth reducen las participaciones en Chubb, a pesar de su fuerte desempeño en el segundo trimestre y el aumento de las acciones.