Focus Partners Wealth Increases Stock Position in Chubb Limited $CB

Focus Partners Wealth lifted its holdings in Chubb Limited (NYSE:CB) by 236.8% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 140,230 shares of the financial services provider’s stock after purchasing an additional 98,597 shares during the period. Focus Partners Wealth’s holdings in Chubb were worth $43,821,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management lifted its stake in shares of Chubb by 490.5% in the 4th quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock worth $2,689,000 after purchasing an additional 7,156 shares during the period. Chesley Taft & Associates LLC lifted its stake in shares of Chubb by 7.4% in the 4th quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock worth $31,970,000 after purchasing an additional 7,043 shares during the period. Pallas Capital Advisors LLC lifted its stake in shares of Chubb by 42.3% in the 4th quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock worth $4,446,000 after purchasing an additional 4,233 shares during the period. waypoint wealth counsel lifted its stake in shares of Chubb by 76.4% in the 4th quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after purchasing an additional 1,784 shares during the period. Finally, Harbour Investments Inc. raised its stake in Chubb by 884.1% during the 4th quarter. Harbour Investments Inc. now owns 9,959 shares of the financial services provider’s stock worth $3,108,000 after acquiring an additional 8,947 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the transaction, the chief operating officer directly 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.

Chubb Trading Down 0.3%

Chubb stock opened at $327.01 on Tuesday. The stock has a market cap of $126.83 billion, a P/E ratio of 11.55, a PEG ratio of 1.68 and a beta of 0.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The firm’s 50 day moving average price is $324.90 and its 200-day moving average price is $319.31.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The firm had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. On average, equities analysts predict that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, June 12th. This is an increase from Chubb’s previous quarterly dividend of $0.97. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio (DPR) is 14.41%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CB. The Goldman Sachs Group decreased their target price on shares of Chubb from $372.00 to $362.00 and set a “buy” rating on the stock in a research note on Monday, June 8th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research note on Monday, March 23rd. Wolfe Research raised their target price on shares of Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research note on Monday, April 6th. Cantor Fitzgerald restated a “neutral” rating and set a $315.00 target price on shares of Chubb in a research note on Wednesday, April 22nd. Finally, Mizuho decreased their target price on shares of Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 14th. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $349.10.

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.