Dakota Wealth Management Buys 4,355 Shares of Chubb Limited $CB

Dakota Wealth Management boosted its stake in shares of Chubb Limited (NYSE:CB) by 13.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 35,998 shares of the financial services provider’s stock after purchasing an additional 4,355 shares during the period. Dakota Wealth Management’s holdings in Chubb were worth $10,161,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Chubb by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock valued at $10,643,993,000 after buying an additional 210,053 shares during the last quarter. Geode Capital Management LLC increased its holdings in Chubb by 0.3% during the second quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock worth $2,541,771,000 after buying an additional 30,721 shares during the last quarter. Bank of America Corp DE raised its position in Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after acquiring an additional 513,852 shares in the last quarter. Norges Bank acquired a new stake in Chubb in the second quarter valued at $1,195,137,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Chubb by 0.8% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,253,607 shares of the financial services provider’s stock valued at $652,915,000 after acquiring an additional 18,820 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Chubb stock opened at $333.27 on Tuesday. The company has a market capitalization of $131.16 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 2.11 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. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $335.60. The stock’s 50 day moving average is $313.88 and its 200-day moving average is $294.01.

Chubb (NYSE:CB) last released its quarterly 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. The business had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same period last year, the firm posted $6.02 EPS. Equities research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research analyst reports. Cantor Fitzgerald upped their target price on shares of Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a report on Wednesday, January 14th. Weiss Ratings reissued a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 29th. Wolfe Research raised their price objective on Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Mizuho lifted their target price on Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Finally, JPMorgan Chase & Co. increased their price target on Chubb from $327.00 to $330.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $340.81.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were 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 directly owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This represents a 70.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.77% of the stock is currently owned by company insiders.

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.