Rockland Trust Co. Raises Position in Chubb Limited $CB

Rockland Trust Co. lifted its position in shares of Chubb Limited (NYSE:CB) by 4.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 125,243 shares of the financial services provider’s stock after acquiring an additional 5,720 shares during the quarter. Chubb accounts for approximately 1.4% of Rockland Trust Co.’s portfolio, making the stock its 18th largest holding. Rockland Trust Co.’s holdings in Chubb were worth $35,350,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its holdings in shares of Chubb by 93.6% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock valued at $26,000 after buying an additional 44 shares during the period. Cedar Mountain Advisors LLC grew its holdings in Chubb by 155.6% during the third quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares during the period. VSM Wealth Advisory LLC purchased a new position in Chubb in the second quarter worth $32,000. Cornerstone Planning Group LLC lifted its holdings in Chubb by 81.5% in the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 53 shares during the period. Finally, Heartwood Wealth Advisors LLC purchased a new stake in shares of Chubb during the 3rd quarter worth $34,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the completion of the sale, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 10,580 shares of Chubb stock in a transaction dated Monday, November 24th. The shares were sold at an average price of $296.17, for a total value of $3,133,478.60. Following the completion of the transaction, the executive vice president directly owned 12,660 shares in the company, valued at $3,749,512.20. This represents a 45.52% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 48,695 shares of company stock worth $14,962,673 in the last 90 days. Company insiders own 0.86% of the company’s stock.

Chubb News Summary

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Raymond James upgraded Chubb to a “strong-buy” and raised its price target to $380, signaling material upside versus current levels and likely attracting buyer interest. Read More.
• Positive Sentiment: Several brokers have raised price targets recently (examples cited include lifts into the mid-to-high $300s), increasing analyst-implied valuation and supporting momentum. Read More.
• Positive Sentiment: Independent commentary (The Motley Fool) is recommending Chubb as a safer insurance alternative versus volatile peers, which can draw relative-value flows into CB. Read More.
• Neutral Sentiment: Brokerage consensus still reads as a collective “Hold” despite several target raises, which could limit broad-based upgrades until further guidance or sustained results arrive. Read More.
• Neutral Sentiment: Chubb’s recent quarterly results showed a solid EPS beat (reported $7.52 vs. ~$6.33 est.) and steady revenue growth—fundamentals that underpin longer-term investor confidence (background filing/earnings release).
• Negative Sentiment: Insider selling: CEO Evan Greenberg sold 15,060 shares on Feb. 5 at an average ~$331.47 (~$5.0M). While his remaining stake remains large, the sale can be perceived negatively by some market participants. Read More.
• Negative Sentiment: MarketWatch noted Chubb underperformed peers on Monday, which could reflect short-term rotation within the sector even as some analysts raise targets. Read More.

Analyst Ratings Changes

CB has been the subject of a number of research analyst reports. Mizuho increased their price target on shares of Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a report on Friday. UBS Group reaffirmed a “neutral” rating and issued a $340.00 target price on shares of Chubb in a report on Monday. Weiss Ratings reiterated a “buy (b+)” rating on shares of Chubb in a research report on Monday, December 29th. Raymond James Financial upped their price target on Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a report on Monday. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $338.14.

Chubb Price Performance

Chubb stock opened at $326.25 on Tuesday. The stock has a market capitalization of $128.40 billion, a P/E ratio of 12.68, a P/E/G ratio of 2.12 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27. Chubb Limited has a 12-month low of $263.14 and a 12-month high of $335.59. The firm’s 50-day moving average is $308.06 and its two-hundred day moving average is $289.69.

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

Chubb Announces Dividend

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

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.