Rhumbline Advisers Buys 2,050 Shares of Chubb Limited $CB

Rhumbline Advisers increased its stake in shares of Chubb Limited (NYSE:CB) by 0.3% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 686,785 shares of the financial services provider’s stock after purchasing an additional 2,050 shares during the quarter. Rhumbline Advisers’ holdings in Chubb were worth $193,845,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of CB. Harbor Capital Advisors Inc. boosted its position in shares of Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares during the period. Cedar Mountain Advisors LLC lifted its stake in shares of Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares during the last quarter. VSM Wealth Advisory LLC purchased a new position in Chubb during the 2nd quarter valued at $32,000. Cornerstone Planning Group LLC grew its position in 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 acquiring an additional 53 shares during the last quarter. Finally, Heartwood Wealth Advisors LLC purchased a new stake in Chubb in the third quarter worth $34,000. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 16,375 shares of the business’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the transaction, the insider directly owned 74,225 shares of the company’s stock, valued at approximately $22,004,001.25. This trade represents a 18.07% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 76,512 shares of company stock worth $24,197,361. 0.86% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Bank of America cut their price target on shares of Chubb from $279.00 to $259.00 and set an “underperform” rating on the stock in a report on Friday, January 16th. Cantor Fitzgerald lifted their target price on Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Keefe, Bruyette & Woods increased their price target on Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a research report on Friday, February 6th. Evercore upped their price objective on shares of Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Finally, Morgan Stanley set a $350.00 target price on Chubb in a report on Friday, January 16th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $340.09.

Chubb Trading Down 0.0%

Shares of NYSE:CB opened at $326.16 on Wednesday. The business’s 50-day moving average is $308.69 and its 200 day moving average is $290.09. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27. Chubb Limited has a 1 year low of $263.14 and a 1 year high of $335.59. The firm has a market capitalization of $128.36 billion, a P/E ratio of 12.68, a P/E/G ratio of 2.08 and a beta of 0.49.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The company’s revenue was up 8.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $6.02 earnings per share. On average, research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a $0.97 dividend. The ex-dividend date 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 15.08%.

Chubb Company 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.