11,353 Shares in Chubb Limited $CB Acquired by Caprock Group LLC

Caprock Group LLC acquired a new stake in shares of Chubb Limited (NYSE:CB) in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 11,353 shares of the financial services provider’s stock, valued at approximately $3,123,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. raised its stake in shares of Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 44 shares in the last quarter. Cedar Mountain Advisors LLC increased its holdings in Chubb by 155.6% during the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 56 shares during the period. VSM Wealth Advisory LLC bought a new stake in Chubb during the 2nd quarter valued at $32,000. Cornerstone Planning Group LLC lifted its holdings in shares of Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares during the period. Finally, Heartwood Wealth Advisors LLC bought a new position in shares of Chubb during the 3rd quarter worth $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $332.42 on Friday. Chubb Limited has a 12-month low of $263.14 and a 12-month high of $335.60. The business’s fifty day simple moving average is $310.12 and its 200-day simple moving average is $290.65. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market cap of $130.82 billion, a PE ratio of 12.92, a PEG ratio of 2.10 and a beta of 0.49.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping the consensus estimate of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the previous year, the business earned $6.02 EPS. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Friday, December 12th were issued a dividend of $0.97 per share. The ex-dividend date was Friday, December 12th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is 15.08%.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of Chubb stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the sale, the executive vice president owned 11,810 shares of the company’s stock, valued at approximately $3,920,683.80. The trade was a 70.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the sale, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 54,307 shares of company stock valued at $17,611,016 over the last ninety days. 0.77% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

CB has been the subject of several recent research reports. BMO Capital Markets lifted their price objective on Chubb from $283.00 to $326.00 and gave the company a “market perform” rating in a report on Tuesday. The Goldman Sachs Group reissued a “buy” rating and set a $366.00 target price on shares of Chubb in a research report on Thursday, February 5th. Roth Mkm boosted their price target on shares of Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, February 4th. Cantor Fitzgerald increased their price objective on shares of Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Finally, Barclays lifted their price objective on shares of Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued 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 a consensus target price of $340.09.

Chubb Profile

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.