Rakuten Investment Management Inc. Makes New $20.88 Million Investment in Chubb Limited $CB

Rakuten Investment Management Inc. bought a new stake in shares of Chubb Limited (NYSE:CB) in the third quarter, according to its most recent Form 13F filing with the SEC. The fund bought 62,885 shares of the financial services provider’s stock, valued at approximately $20,883,000.

A number of other hedge funds also recently made changes to their positions in the business. IMG Wealth Management Inc. bought a new stake in shares of Chubb during the second quarter valued at about $25,000. Dunhill Financial LLC acquired a new position in shares of Chubb during the second quarter valued at approximately $25,000. Parvin Asset Management LLC bought a new position in Chubb during the 2nd quarter valued at $26,000. Highland Investment Advisors LLC bought a new stake in shares of Chubb in the 2nd quarter worth $26,000. Finally, Frazier Financial Advisors LLC boosted its stake in Chubb by 86.4% during the first 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. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CB. Mizuho increased their price objective on Chubb from $336.00 to $350.00 and gave the company a “neutral” rating in a research report on Thursday, October 22nd. UBS Group reiterated a “neutral” rating and issued a $380.00 target price on shares of Chubb in a report on Monday, October 26th. Keefe, Bruyette & Woods decreased their price objective on shares of Chubb from $389.00 to $387.00 and set an “outperform” rating for the company in a research note on Monday, October 12th. Atlantic Securities set a $301.00 target price on Chubb in a report on Wednesday, July 15th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $354.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus target price of $362.78.

Key Headlines Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb’s partnership with Currys expands its embedded-insurance reach in the U.K., positioning it to capture demand for mobile-device protection through retail and digital channels. Can Chubb’s Currys Partnership Expand Embedded Insurance Growth?
• Positive Sentiment: Recent coverage highlighted Chubb as a momentum stock and noted that shares had reached a 52-week high. This may reinforce investor interest, although the articles do not identify a specific new company catalyst behind the run. What Makes Chubb (CB) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: An article on possible interest-rate hikes cited insurers among stocks that could benefit. Higher rates can improve investment income over time, but the outlook is conditional and not specific to Chubb. Rate Hikes Could Be Coming: History Likes These 4 Insurance Stocks
• Neutral Sentiment: Zacks Research made a mix of modest upward and downward earnings-estimate changes across coming quarters and fiscal years. The revisions offer no clear overall change in expectations. Chubb Limited analyst estimates
• Negative Sentiment: CEO Evan Greenberg sold 13,889 shares for about $5 million. Insider sales can weigh on sentiment, though he retained 277,274 shares after the transaction. Chubb CEO Sells 13,889 Shares

Chubb Trading Up 2.1%

Shares of CB opened at $374.41 on Thursday. The stock’s 50-day moving average price is $344.94 and its 200 day moving average price is $334.80. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market capitalization of $143.06 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 1.69 and a beta of 0.29. Chubb Limited has a 12-month low of $282.11 and a 12-month high of $374.60.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, beating the consensus estimate of $6.77 by $0.89. The business had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.66 billion. Chubb had a return on equity of 14.41% and a net margin of 18.15%. During the same quarter in the previous year, the firm earned $7.49 EPS. As a group, research analysts predict that Chubb Limited will post 28.89 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were issued a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s payout ratio is currently 14.28%.

Insiders Place Their Bets

In other news, EVP Timothy Boroughs sold 13,596 shares of the business’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $356.77, for a total value of $4,850,644.92. Following the completion of the transaction, the executive vice president owned 5,588 shares of the company’s stock, valued at $1,993,630.76. The trade was a 70.87% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan Greenberg sold 13,889 shares of the stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $360.02, for a total value of $5,000,317.78. Following the completion of the sale, the chief executive officer owned 277,274 shares of the company’s stock, valued at $99,824,185.48. This trade represents a 4.77% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 32,985 shares of company stock valued at $11,748,463. 0.37% of the stock is currently owned by insiders.

About Chubb

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.