Corient Private Wealth LLC Grows Stock Position in Chubb Limited $CB

Corient Private Wealth LLC increased its holdings in Chubb Limited (NYSE:CB) by 0.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 584,706 shares of the financial services provider’s stock after acquiring an additional 3,616 shares during the quarter. Corient Private Wealth LLC owned approximately 0.15% of Chubb worth $169,402,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of CB. Modern Wealth Management LLC raised its stake in shares of Chubb by 6.2% during the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after purchasing an additional 143 shares in the last quarter. Assetmark Inc. increased its stake in Chubb by 14.1% during the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock valued at $20,655,000 after buying an additional 8,828 shares during the period. Trifecta Capital Advisors LLC lifted its stake in shares of Chubb by 764.7% in the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 130 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Chubb by 28.4% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock valued at $16,750,000 after acquiring an additional 12,784 shares in the last quarter. Finally, Jump Financial LLC boosted its holdings in shares of Chubb by 633.6% in the first quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock valued at $2,470,000 after acquiring an additional 7,065 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on CB shares. Citigroup upped their target price on Chubb from $331.00 to $335.00 and gave the stock a “buy” rating in a research report on Tuesday, December 2nd. JPMorgan Chase & Co. upped their price objective on Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a report on Thursday, October 9th. Keefe, Bruyette & Woods raised their target price on Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, October 22nd. Finally, UBS Group raised their price objective on shares of Chubb from $292.00 to $298.00 and gave the company a “neutral” rating in a research report on Monday, October 27th. One research 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $309.79.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 850 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $295.19, for a total transaction of $250,911.50. Following the transaction, the executive vice president directly owned 1,585 shares of the company’s stock, valued at approximately $467,876.15. The trade was a 34.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the sale, the executive vice president directly owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 57,333 shares of company stock worth $16,629,873 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Chubb Trading Up 0.8%

Shares of NYSE CB opened at $308.45 on Monday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $252.16 and a 12 month high of $308.98. The company has a market cap of $121.39 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 3.52 and a beta of 0.51. The business has a fifty day simple moving average of $288.27 and a 200-day simple moving average of $282.14.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share 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 for the quarter, compared to analysts’ expectations of $12.95 billion. During the same quarter last year, the business posted $5.72 EPS. Chubb’s revenue was up 7.5% on a year-over-year basis. Sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

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

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.