Chubb Limited $CB Shares Acquired by Focus Partners Advisor Solutions LLC

Focus Partners Advisor Solutions LLC increased its position in shares of Chubb Limited (NYSE:CB) by 253.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,805 shares of the financial services provider’s stock after purchasing an additional 11,339 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Chubb were worth $4,518,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Becker Capital Management Inc. boosted its position in shares of Chubb by 2.8% during the 3rd quarter. Becker Capital Management Inc. now owns 86,268 shares of the financial services provider’s stock worth $24,432,000 after acquiring an additional 2,341 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in Chubb by 188.8% during the third quarter. Kingsview Wealth Management LLC now owns 14,642 shares of the financial services provider’s stock worth $4,133,000 after purchasing an additional 9,572 shares during the last quarter. 111 Capital lifted its stake in Chubb by 242.1% during the third quarter. 111 Capital now owns 4,636 shares of the financial services provider’s stock worth $1,309,000 after purchasing an additional 3,281 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its holdings in Chubb by 22.7% in the third quarter. Elo Mutual Pension Insurance Co now owns 54,777 shares of the financial services provider’s stock valued at $15,461,000 after purchasing an additional 10,126 shares in the last quarter. Finally, WASHINGTON TRUST Co increased its stake in Chubb by 1.3% in the third quarter. WASHINGTON TRUST Co now owns 51,863 shares of the financial services provider’s stock valued at $14,638,000 after purchasing an additional 646 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CB. Evercore upped their target price on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a report on Wednesday, February 4th. Mizuho boosted their price target on shares of Chubb from $317.00 to $336.00 and gave the company a “neutral” rating in a research report on Friday, February 6th. Wells Fargo & Company raised their price objective on Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Citizens Jmp reissued a “market outperform” rating and issued a $350.00 target price on shares of Chubb in a report on Wednesday, February 4th. Finally, Wolfe Research upped their target price on Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. One investment 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $340.81.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction on 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 transaction, the chief executive officer directly 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was 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 owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This trade represents a 70.20% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.86% of the stock is owned by corporate insiders.

Chubb Price Performance

Shares of CB opened at $338.07 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67. The firm has a 50-day simple moving average of $317.11 and a 200-day simple moving average of $296.78. The company has a market capitalization of $131.90 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 2.18 and a beta of 0.46.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $1.19. The firm had revenue of $2.08 billion for 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $6.02 EPS. On average, equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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

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.