Chubb Limited $CB Stake Increased by Cerity Partners LLC

Cerity Partners LLC raised its position in Chubb Limited (NYSE:CB) by 9.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 346,658 shares of the financial services provider’s stock after purchasing an additional 31,028 shares during the quarter. Cerity Partners LLC owned approximately 0.09% of Chubb worth $97,842,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Barry Investment Advisors LLC increased its position in Chubb by 7.5% during the third quarter. Barry Investment Advisors LLC now owns 886 shares of the financial services provider’s stock worth $251,000 after buying an additional 62 shares during the last quarter. Spirepoint Private Client LLC boosted its holdings in shares of Chubb by 6.7% during the 3rd quarter. Spirepoint Private Client LLC now owns 1,264 shares of the financial services provider’s stock worth $357,000 after buying an additional 79 shares during the period. Gladstone Institutional Advisory LLC raised its holdings in Chubb by 6.1% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 2,028 shares of the financial services provider’s stock worth $572,000 after acquiring an additional 117 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new position in Chubb during the 3rd quarter worth $314,000. Finally, Gries Financial LLC boosted its holdings in Chubb by 8.0% during the third quarter. Gries Financial LLC now owns 1,791 shares of the financial services provider’s stock valued at $506,000 after acquiring an additional 132 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of NYSE:CB opened at $306.71 on Thursday. The business has a fifty day moving average of $300.09 and a 200-day moving average of $285.03. The firm has a market cap of $120.70 billion, a PE ratio of 12.80, a price-to-earnings-growth ratio of 3.23 and a beta of 0.51. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $316.94.

Chubb (NYSE:CB) last announced its 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 net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same period in the previous year, the firm posted $5.72 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. On average, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

Insider Transactions at Chubb

In related news, insider John J. Lupica sold 16,375 shares of the business’s stock in a transaction that occurred on Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the sale, the insider directly owned 74,225 shares of the company’s stock, valued at $22,004,001.25. The trade was a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Timothy Alan Boroughs sold 850 shares of Chubb 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 sale, the executive vice president directly owned 1,585 shares of the company’s stock, valued at $467,876.15. This represents a 34.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 57,333 shares of company stock worth $16,629,873 over the last 90 days. 0.77% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CB. Keefe, Bruyette & Woods raised their target price on Chubb from $335.00 to $355.00 and gave the company an “outperform” rating in a report on Tuesday. Wells Fargo & Company boosted their target price on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. BMO Capital Markets restated a “market perform” rating and set a $283.00 price objective on shares of Chubb in a report on Thursday, October 23rd. Mizuho began coverage on shares of Chubb in a research note on Monday, December 15th. They issued a “neutral” rating and a $318.00 target price for the company. Finally, The Goldman Sachs Group upgraded Chubb from a “neutral” rating to a “buy” rating and set a $351.00 price target on the stock in a research note on Wednesday. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb presently has a consensus rating of “Hold” and an average price target of $316.55.

About Chubb

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.