Robeco Institutional Asset Management B.V. boosted its holdings in shares of Chubb Limited (NYSE:CB – Free Report) by 12.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 351,692 shares of the financial services provider’s stock after acquiring an additional 37,816 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.09% of Chubb worth $114,388,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of CB. Diversify Advisory Services LLC boosted its stake in shares of Chubb by 15.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 3,663 shares of the financial services provider’s stock valued at $1,292,000 after buying an additional 493 shares during the period. Revisor Wealth Management LLC grew its holdings in shares of Chubb by 6.5% during the 3rd quarter. Revisor Wealth Management LLC now owns 1,386 shares of the financial services provider’s stock valued at $497,000 after acquiring an additional 84 shares in the last quarter. Bank Pictet & Cie Europe AG grew its holdings in shares of Chubb by 5.7% during the 3rd quarter. Bank Pictet & Cie Europe AG now owns 7,024 shares of the financial services provider’s stock valued at $2,285,000 after acquiring an additional 381 shares in the last quarter. 55 North Private Wealth LLC increased its stake in shares of Chubb by 4.2% in the third quarter. 55 North Private Wealth LLC now owns 918 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 37 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC increased its stake in shares of Chubb by 19.0% in the third quarter. Prime Capital Investment Advisors LLC now owns 9,900 shares of the financial services provider’s stock worth $3,220,000 after acquiring an additional 1,578 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.
Chubb Stock Performance
CB stock opened at $354.81 on Thursday. The firm has a 50 day moving average of $341.06 and a two-hundred day moving average of $337.07. Chubb Limited has a 12 month low of $272.20 and a 12 month high of $365.91. The company has a market capitalization of $136.89 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 1.57 and a beta of 0.36. 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 (NYSE:CB – Get Free Report) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, beating analysts’ consensus estimates of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.33%. The business had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.71 billion. During the same quarter last year, the firm earned $7.49 EPS. As a group, equities analysts anticipate that Chubb Limited will post 27.72 EPS for the current fiscal year.
Chubb Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were given 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 dividend payout ratio is presently 14.43%.
Analyst Upgrades and Downgrades
CB has been the subject of several recent research reports. JPMorgan Chase & Co. cut their price objective on Chubb from $374.00 to $371.00 and set a “neutral” rating for the company in a report on Friday, October 9th. Citigroup restated a “market outperform” rating on shares of Chubb in a research note on Wednesday. Weiss Ratings upgraded Chubb from a “buy (b)” rating to a “buy (a)” rating in a research note on Friday, October 16th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $333.00 target price on shares of Chubb in a research report on Wednesday. Finally, Piper Sandler lifted their price target on Chubb from $340.00 to $374.00 and gave the company a “neutral” rating in a report on Wednesday, July 15th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $358.36.
Read Our Latest Analysis on Chubb
Chubb News Roundup
Here are the key news stories impacting Chubb this week:
- Positive Sentiment: Quarterly results exceeded expectations. Chubb reported $7.66 in adjusted earnings per share, above the $6.79 consensus estimate, while revenue reached $16.20 billion versus expectations of $15.71 billion. Earnings also increased from $7.49 per share a year earlier. Chubb quarterly earnings report
- Positive Sentiment: Underlying business momentum remained strong. Core operating income totaled approximately $2.98 billion, overseas general property-and-casualty premiums grew 6.7%, and net premiums written increased. Record investment income and higher life-insurance income also helped offset pressure in underwriting. Chubb long-term investor takeaways
- Positive Sentiment: Analyst sentiment improved in one notable instance. Zacks upgraded Chubb to a Rank #2, or Buy, citing improved earnings prospects, which could support investor interest. Zacks Chubb upgrade
- Neutral Sentiment: Management maintained an upbeat outlook. The earnings call highlighted profitability, premium growth and continued benefits from investment income, but investors are evaluating whether the strong performance is already reflected in the share price. Chubb earnings call highlights
- Negative Sentiment: Catastrophe losses pressured underwriting results. Rising catastrophe claims remain a risk for future earnings and temper the otherwise strong quarter. Cantor Fitzgerald reaffirmed a Neutral rating with a $333 price target, below the stock’s recently reported $354.81 level, while another analysis said much of the strong Q3 performance may already be reflected in the valuation. Chubb valuation analysis
Insider Buying and Selling at Chubb
In other Chubb news, EVP Joseph Wayland sold 8,502 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was 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 owned 33,749 shares of the company’s stock, valued at $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Michael P. Connors sold 5,500 shares of the business’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total value of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares of the company’s stock, valued at $4,417,035. This represents a 30.05% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.37% of the company’s stock.
Chubb Company Profile
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.
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