Robeco Institutional Asset Management B.V. Has $103.42 Million Stake in Chubb Limited $CB

Robeco Institutional Asset Management B.V. lowered its position in shares of Chubb Limited (NYSE:CB) by 2.0% during the third quarter, HoldingsChannel.com reports. The fund owned 366,419 shares of the financial services provider’s stock after selling 7,360 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Chubb were worth $103,422,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Harbor Capital Advisors Inc. lifted its stake in shares of Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 44 shares during the period. VSM Wealth Advisory LLC acquired a new stake in Chubb during the second quarter worth approximately $32,000. Heartwood Wealth Advisors LLC bought a new stake in Chubb in the third quarter worth approximately $34,000. Maseco LLP bought a new stake in Chubb in the second quarter worth approximately $35,000. Finally, Financial Consulate Inc. acquired a new position in Chubb in the third quarter valued at approximately $37,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Barclays raised their price objective on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Evercore ISI boosted their target price on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research report on Wednesday, October 1st. Cantor Fitzgerald reissued a “neutral” rating on shares of Chubb in a research note on Wednesday, December 10th. Morgan Stanley set a $310.00 price target on shares of Chubb in a research note on Tuesday, December 16th. Finally, HSBC upped their price objective on shares of Chubb from $302.00 to $304.00 in a report on Wednesday, October 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $312.90.

Chubb Stock Performance

CB opened at $309.43 on Wednesday. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $316.94. The company has a market cap of $121.78 billion, a price-to-earnings ratio of 12.91, a PEG ratio of 3.30 and a beta of 0.51. The company’s fifty day moving average price is $299.51 and its two-hundred day moving average price is $284.88. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20.

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

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.3%. Chubb’s dividend payout ratio is 16.19%.

Insider Activity

In related news, insider John J. Lupica sold 23,698 shares of Chubb stock in a transaction that occurred on Monday, October 27th. The stock was sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the completion of the sale, the executive vice president owned 12,660 shares of the company’s stock, valued at approximately $3,749,512.20. The trade was a 45.52% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 57,333 shares of company stock worth $16,629,873 over the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

Chubb Profile

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.