TRB Wealth Management LLC Purchases Shares of 3,715 Chubb Limited $CB

TRB Wealth Management LLC acquired a new position in shares of Chubb Limited (NYSE:CB) in the 2nd quarter, Holdings Channel.com reports. The firm acquired 3,715 shares of the financial services provider’s stock, valued at approximately $1,266,000.

A number of other institutional investors also recently made changes to their positions in CB. IMG Wealth Management Inc. bought a new position in shares of Chubb during the second quarter worth approximately $25,000. Dunhill Financial LLC bought a new stake in Chubb in the 2nd quarter valued at $25,000. CBIZ Investment Advisory Services LLC grew its holdings in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after buying an additional 49 shares in the last quarter. Frazier Financial Advisors LLC grew its holdings in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after buying an additional 38 shares in the last quarter. Finally, Merkkuri Wealth Advisors LLC acquired a new position in Chubb in the 1st quarter valued at $29,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CB shares. BMO Capital Markets lifted their target price on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Morgan Stanley upped their price target on shares of Chubb from $340.00 to $360.00 and gave the company an “equal weight” rating in a research note on Wednesday. Wells Fargo & Company lowered their price target on shares of Chubb from $358.00 to $356.00 and set an “equal weight” rating on the stock in a research report on Thursday, July 23rd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $354.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Finally, Cantor Fitzgerald boosted their price objective on shares of Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $361.00.

Chubb Trading Down 0.5%

CB opened at $341.15 on Friday. The stock has a market capitalization of $131.62 billion, a price-to-earnings ratio of 12.07, a P/E/G ratio of 1.66 and a beta of 0.39. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91. The company has a 50-day simple moving average of $345.88 and a 200 day simple moving average of $333.31.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same period last year, the firm earned $6.14 EPS. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. Analysts predict that Chubb Limited will post 27.49 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s dividend payout ratio (DPR) is 14.43%.

Insider Buying and Selling

In other Chubb news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 0.37% of the company’s stock.

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.