River Wealth Advisors LLC Boosts Holdings in Chubb Limited $CB

River Wealth Advisors LLC lifted its holdings in Chubb Limited (NYSE:CB) by 5.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 34,214 shares of the financial services provider’s stock after acquiring an additional 1,638 shares during the quarter. Chubb accounts for about 1.1% of River Wealth Advisors LLC’s holdings, making the stock its 22nd biggest holding. River Wealth Advisors LLC’s holdings in Chubb were worth $9,657,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CB. Vanguard Group Inc. lifted its stake in Chubb by 0.6% in the second quarter. Vanguard Group Inc. now owns 36,738,895 shares of the financial services provider’s stock worth $10,643,993,000 after purchasing an additional 210,053 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of 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 valued at $2,541,771,000 after buying an additional 30,721 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Chubb by 11.6% in 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 buying an additional 513,852 shares during the period. Norges Bank purchased a new position in shares of Chubb in the second quarter worth about $1,195,137,000. Finally, Charles Schwab Investment Management Inc. lifted its stake 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 last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Citizens Jmp restated a “market outperform” rating and set a $350.00 price target on shares of Chubb in a research report on Wednesday, February 4th. Wells Fargo & Company boosted their price objective on Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a research report on Thursday, February 5th. Bank of America dropped their price objective on Chubb from $279.00 to $259.00 and set an “underperform” rating for the company in a research note on Friday, January 16th. HSBC lifted their target price on shares of Chubb from $354.00 to $357.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Finally, Citigroup upped their price target on shares of Chubb from $335.00 to $385.00 and gave the company a “buy” rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $340.81.

Insider Transactions at Chubb

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

Chubb Price Performance

CB opened at $340.29 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24. The stock has a market capitalization of $133.92 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 2.17 and a beta of 0.49. The stock’s 50 day moving average price is $315.97 and its 200-day moving average price is $295.71. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $342.69.

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, beating the consensus estimate of $6.33 by $1.19. The business had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The firm’s revenue for the quarter was up 8.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $6.02 earnings per share. On average, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be given a dividend of $0.97 per share. The ex-dividend date is Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.1%. Chubb’s payout ratio is currently 15.08%.

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.