Roberts Glore & Co. Inc. IL Makes New $512,000 Investment in Chubb Limited $CB

Roberts Glore & Co. Inc. IL bought a new position in shares of Chubb Limited (NYSE:CB) during the second quarter, HoldingsChannel reports. The fund bought 1,503 shares of the financial services provider’s stock, valued at approximately $512,000.

Several other institutional investors also recently modified their holdings of CB. Brighton Jones LLC grew its holdings in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC acquired a new position in shares of Chubb in the fourth quarter valued at approximately $205,000. Woodline Partners LP raised its holdings in Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after buying an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC boosted its position in Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after buying an additional 175 shares during the period. Finally, Sei Investments Co. boosted its position in Chubb by 9.3% during the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after buying an additional 17,155 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

CB stock opened at $342.90 on Wednesday. The firm has a market cap of $132.29 billion, a price-to-earnings ratio of 12.13, a PEG ratio of 1.68 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 12-month low of $265.30 and a 12-month high of $365.91. The company’s fifty day simple moving average is $346.53 and its 200 day simple moving average is $333.79.

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

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is presently 14.43%.

Analysts Set New Price Targets

Several equities analysts have issued reports on CB shares. Weiss Ratings upgraded shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, June 29th. Citizens Jmp reiterated a “market outperform” rating and set a $400.00 price target on shares of Chubb in a report on Wednesday, July 22nd. Piper Sandler boosted their price objective on shares of Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Morgan Stanley increased their price objective on Chubb from $340.00 to $360.00 and gave the company an “equal weight” rating in a report on Wednesday, August 19th. Finally, Evercore reaffirmed an “outperform” rating and set a $374.00 target price on shares of Chubb in a report on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $361.00.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 8,502 shares of the stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael P. Connors sold 5,500 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director directly owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% 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.