Global Retirement Partners LLC Acquires New Stake in Chubb Limited $CB

Global Retirement Partners LLC bought a new position in Chubb Limited (NYSE:CB) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 15,304 shares of the financial services provider’s stock, valued at approximately $5,215,000.

A number of other institutional investors have also recently made changes to their positions in the company. CBIZ Investment Advisory Services LLC grew its stake in shares of Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 49 shares during the period. Frazier Financial Advisors LLC raised its stake in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 38 shares during the period. Merkkuri Wealth Advisors LLC purchased a new stake in Chubb during the first quarter valued at about $29,000. Laurel Wealth Advisors LLC bought a new position in Chubb during the fourth quarter worth about $31,000. Finally, Kelleher Financial Advisors bought a new position in Chubb during the second quarter worth about $34,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of several research reports. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a research report on Monday, July 20th. UBS Group lifted their price objective on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Cantor Fitzgerald increased their target price on Chubb from $318.00 to $337.00 and gave the stock a “neutral” rating in a research report on Thursday, July 9th. Jefferies Financial Group reduced their price target on Chubb from $356.00 to $352.00 and set a “hold” rating for the company in a research report on Thursday, April 23rd. Finally, Citizens Jmp reissued a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus price target of $360.09.

Insider Activity

In related news, COO John W. Keogh sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction that occurred on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. This represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

Chubb Stock Performance

NYSE CB opened at $343.80 on Monday. Chubb Limited has a 52-week low of $265.30 and a 52-week high of $365.91. The company has a fifty day moving average of $344.31 and a 200-day moving average of $332.19. The company has a market capitalization of $132.64 billion, a P/E ratio of 12.16, a P/E/G ratio of 1.70 and a beta of 0.39. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business had revenue of $11.97 billion for the quarter, compared to analysts’ expectations of $15.07 billion. During the same quarter in the prior year, the firm earned $6.14 earnings per share. The firm’s revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that Chubb Limited will post 27.45 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be given a dividend of $1.02 per share. The ex-dividend date is Friday, September 11th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is 14.43%.

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.