Robeco Institutional Asset Management B.V. Reduces Stock Holdings in Chubb Limited $CB

Robeco Institutional Asset Management B.V. cut its position in shares of Chubb Limited (NYSE:CB) by 16.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 373,779 shares of the financial services provider’s stock after selling 74,462 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.09% of Chubb worth $108,291,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. QTR Family Wealth LLC purchased a new stake in shares of Chubb during the 2nd quarter valued at approximately $252,000. Trust Co. of Vermont grew its position in Chubb by 0.6% in the second quarter. Trust Co. of Vermont now owns 20,432 shares of the financial services provider’s stock worth $5,920,000 after acquiring an additional 126 shares during the period. Bartlett & CO. Wealth Management LLC increased its stake in Chubb by 0.5% during the second quarter. Bartlett & CO. Wealth Management LLC now owns 240,365 shares of the financial services provider’s stock worth $69,843,000 after acquiring an additional 1,140 shares during the last quarter. Impact Capital Partners LLC increased its stake in Chubb by 1.9% during the second quarter. Impact Capital Partners LLC now owns 5,864 shares of the financial services provider’s stock worth $1,699,000 after acquiring an additional 110 shares during the last quarter. Finally, Childress Capital Advisors LLC raised its position in Chubb by 14.2% in the second quarter. Childress Capital Advisors LLC now owns 1,421 shares of the financial services provider’s stock valued at $412,000 after purchasing an additional 177 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of CB opened at $281.73 on Friday. The company has a market cap of $112.32 billion, a P/E ratio of 12.43, a PEG ratio of 3.18 and a beta of 0.54. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18. The firm’s 50 day moving average price is $274.46 and its 200 day moving average price is $282.32.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.84 by $0.30. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. During the same quarter in the previous year, the firm posted $5.38 earnings per share. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. On average, research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 3rd. Shareholders of record on Friday, September 12th will be issued a dividend of $0.97 per share. The ex-dividend date is Friday, September 12th. This represents a $3.88 annualized dividend and a yield of 1.4%. Chubb’s dividend payout ratio is 17.12%.

Insider Transactions at Chubb

In other news, Director Michael Corbat bought 425 shares of the business’s stock in a transaction that occurred on Friday, July 25th. The shares were purchased at an average cost of $269.80 per share, for a total transaction of $114,665.00. Following the completion of the purchase, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This represents a 20.99% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.77% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on CB. Morgan Stanley lowered their price target on Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Citigroup began coverage on shares of Chubb in a research note on Wednesday, August 13th. They set a “buy” rating and a $326.00 target price for the company. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $314.00 to $324.00 and gave the company an “outperform” rating in a research report on Wednesday, July 9th. Wells Fargo & Company decreased their price objective on shares of Chubb from $285.00 to $267.00 and set an “equal weight” rating on the stock in a report on Thursday, July 24th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $283.00 price objective (down previously from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have issued 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 target price of $303.24.

About Chubb

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.