Chubb Limited $CB Shares Purchased by Assetmark Inc.

Assetmark Inc. boosted its position in Chubb Limited (NYSE:CB) by 29.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 92,116 shares of the financial services provider’s stock after acquiring an additional 20,822 shares during the period. Assetmark Inc.’s holdings in Chubb were worth $26,000,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CB. Public Sector Pension Investment Board increased its stake in Chubb by 3.2% in the third quarter. Public Sector Pension Investment Board now owns 105,959 shares of the financial services provider’s stock valued at $29,907,000 after purchasing an additional 3,246 shares during the last quarter. Illinois Municipal Retirement Fund grew its holdings in Chubb by 13.4% in the 3rd quarter. Illinois Municipal Retirement Fund now owns 50,596 shares of the financial services provider’s stock valued at $14,281,000 after buying an additional 5,982 shares during the period. Wedbush Securities Inc. grew its holdings in Chubb by 20.7% in the 3rd quarter. Wedbush Securities Inc. now owns 20,245 shares of the financial services provider’s stock valued at $5,714,000 after buying an additional 3,473 shares during the period. Varma Mutual Pension Insurance Co increased its stake in shares of Chubb by 8.8% during the 3rd quarter. Varma Mutual Pension Insurance Co now owns 64,021 shares of the financial services provider’s stock valued at $18,070,000 after acquiring an additional 5,200 shares during the last quarter. Finally, Savvy Advisors Inc. lifted its holdings in shares of Chubb by 93.6% during the 3rd quarter. Savvy Advisors Inc. now owns 2,671 shares of the financial services provider’s stock worth $754,000 after acquiring an additional 1,291 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

CB opened at $324.57 on Friday. Chubb Limited has a twelve month low of $263.14 and a twelve month high of $335.60. The firm has a market cap of $127.73 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 2.07 and a beta of 0.49. 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 fifty day simple moving average of $310.71 and a 200 day simple moving average of $291.22.

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

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Friday, December 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Friday, December 12th. Chubb’s dividend payout ratio (DPR) is 15.08%.

Insider Activity

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on CB. JPMorgan Chase & Co. upped their price target on shares of Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Evercore boosted their price objective on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research note on Wednesday, February 4th. Mizuho increased their target price on Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a research report on Friday, February 6th. The Goldman Sachs Group reissued a “buy” rating and set a $366.00 price target on shares of Chubb in a research report on Thursday, February 5th. Finally, Jefferies Financial Group upped their price target on Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus price target of $340.09.

Chubb Company 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.