Frank Rimerman Advisors LLC Purchases 1,703 Shares of Chubb Limited $CB

Frank Rimerman Advisors LLC raised its position in Chubb Limited (NYSE:CB) by 29.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,514 shares of the financial services provider’s stock after buying an additional 1,703 shares during the period. Frank Rimerman Advisors LLC’s holdings in Chubb were worth $2,345,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Moody Lynn & Lieberson LLC lifted its holdings in Chubb by 66.2% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 2,039 shares of the financial services provider’s stock worth $636,000 after acquiring an additional 812 shares during the period. MFA Wealth Services grew its stake in Chubb by 5.2% in the 4th quarter. MFA Wealth Services now owns 1,653 shares of the financial services provider’s stock valued at $516,000 after purchasing an additional 82 shares during the period. Rockland Trust Co. increased its position in shares of Chubb by 2.5% during the 4th quarter. Rockland Trust Co. now owns 128,328 shares of the financial services provider’s stock valued at $40,054,000 after purchasing an additional 3,085 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Chubb by 340.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 115,140 shares of the financial services provider’s stock valued at $35,700,000 after purchasing an additional 88,971 shares during the last quarter. Finally, apricus wealth LLC raised its stake in shares of Chubb by 1.6% during the 4th quarter. apricus wealth LLC now owns 11,124 shares of the financial services provider’s stock worth $3,472,000 after purchasing an additional 175 shares during the period. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the topic of a number of research analyst reports. Roth Mkm boosted their price target on shares of Chubb from $330.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a research note on Friday. 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. Finally, Citigroup raised their price target on shares of Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $342.05.

Chubb Trading Up 0.1%

NYSE:CB opened at $325.77 on Wednesday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The stock’s fifty day moving average price is $324.42 and its two-hundred day moving average price is $303.82. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. The company has a market cap of $127.13 billion, a P/E ratio of 12.66, a P/E/G ratio of 1.72 and a beta of 0.46.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating 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 company had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. During the same period in the previous year, the business earned $6.02 earnings per share. The firm’s quarterly revenue was up 8.9% compared to the same quarter last year. As a group, analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Shareholders of record on Friday, March 13th will be issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Friday, March 13th. Chubb’s payout ratio is presently 15.08%.

Insider Activity

In other news, CEO Evan G. Greenberg sold 15,060 shares of the 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 directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 44,877 shares of company stock worth $14,885,226 over the last ninety days. Company insiders own 0.86% of the company’s stock.

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.