Cerity Partners LLC Has $91.44 Million Stake in Chubb Limited $CB

Cerity Partners LLC lifted its stake in Chubb Limited (NYSE:CB) by 10.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 315,630 shares of the financial services provider’s stock after purchasing an additional 29,742 shares during the quarter. Cerity Partners LLC owned 0.08% of Chubb worth $91,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. Brighton Jones LLC lifted its position in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after buying an additional 221 shares in the last quarter. Revolve Wealth Partners LLC purchased a new position in shares of Chubb during the 4th quarter valued at $205,000. Chicago Partners Investment Group LLC increased its stake in shares of Chubb by 12.8% in the first quarter. Chicago Partners Investment Group LLC now owns 2,345 shares of the financial services provider’s stock worth $681,000 after acquiring an additional 267 shares during the last quarter. AlphaCore Capital LLC acquired a new position in shares of Chubb in the first quarter worth $495,000. Finally, National Bank of Canada FI raised its holdings in shares of Chubb by 13.0% during the first quarter. National Bank of Canada FI now owns 84,017 shares of the financial services provider’s stock worth $25,401,000 after acquiring an additional 9,696 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CB shares. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, October 22nd. Wells Fargo & Company boosted their price target on Chubb from $277.00 to $293.00 and gave the company an “equal weight” rating in a research note on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a report on Wednesday, October 8th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $309.00 price objective on shares of Chubb in a research report on Monday, October 27th. Finally, Evercore ISI boosted their target price on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $308.32.

Chubb Stock Up 0.1%

Shares of CB stock opened at $294.99 on Monday. The stock’s 50 day simple moving average is $286.28 and its 200 day simple moving average is $281.64. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The company has a market capitalization of $116.09 billion, a price-to-earnings ratio of 12.31, a PEG ratio of 3.37 and a beta of 0.51.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm had revenue of $16.15 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter in the prior year, the business earned $5.72 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. As a group, research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be paid a $0.97 dividend. The ex-dividend date is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

Insider Buying and Selling

In other news, EVP Timothy Alan Boroughs sold 10,580 shares of the firm’s stock in a transaction dated Monday, November 24th. The stock was sold at an average price of $296.17, for a total value of $3,133,478.60. Following the sale, the executive vice president directly owned 12,660 shares of the company’s stock, valued at approximately $3,749,512.20. This trade represents a 45.52% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction dated Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares of the company’s stock, valued at $25,458,600. This represents a 20.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 57,333 shares of company stock worth $16,629,873 in the last quarter. 0.86% of the stock is currently owned by company insiders.

Chubb Company Profile

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.