Rothschild Investment LLC Has $1.04 Million Stock Holdings in Chubb Limited $CB

Rothschild Investment LLC lifted its holdings in shares of Chubb Limited (NYSE:CB) by 96.0% in the third quarter, Holdings Channel.com reports. The fund owned 3,698 shares of the financial services provider’s stock after purchasing an additional 1,811 shares during the quarter. Rothschild Investment LLC’s holdings in Chubb were worth $1,044,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its holdings 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 worth $26,000 after buying an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC lifted its holdings in shares of Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 56 shares during the period. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb in the 2nd quarter valued at $32,000. Cornerstone Planning Group LLC boosted its stake in shares of Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new stake in shares of Chubb in the 3rd quarter worth about $34,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CB. Morgan Stanley set a $350.00 price target on shares of Chubb in a research report on Friday, January 16th. Jefferies Financial Group lifted their target price on shares of Chubb from $326.00 to $333.00 and gave the company a “hold” rating in a research note on Thursday, February 5th. Wells Fargo & Company increased their price target on Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Evercore lifted their price objective on Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $366.00 price objective on shares of Chubb in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $340.81.

Chubb Trading Up 2.1%

Shares of CB opened at $331.75 on Wednesday. The stock’s fifty day simple moving average is $311.88 and its 200-day simple moving average is $292.26. The firm has a market capitalization of $130.56 billion, a PE ratio of 12.89, a price-to-earnings-growth ratio of 2.07 and a beta of 0.49. Chubb Limited has a 12-month low of $263.14 and a 12-month high of $335.60. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last released its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. The company had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company posted $6.02 EPS. As a group, research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders 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 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 15.08%.

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer directly owned 511,576 shares in the company, valued at $169,572,096.72. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. This trade represents a 70.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 54,307 shares of company stock valued at $17,611,016 in the last ninety days. Company insiders own 0.77% of the company’s stock.

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.