Roberts Glore & Co. Inc. IL Invests $512,000 in Chubb Limited $CB

Roberts Glore & Co. Inc. IL purchased a new position in shares of Chubb Limited (NYSE:CB) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 1,503 shares of the financial services provider’s stock, valued at approximately $512,000.

Other institutional investors have also added to or reduced their stakes in the company. Valtrion Capital Management LLC bought a new position in Chubb during the 2nd quarter worth $363,000. Jupiter Topco LLC bought a new stake in shares of Chubb in the second quarter valued at about $15,130,000. EFG International AG bought a new stake in shares of Chubb in the second quarter valued at about $129,000. Canada Pension Plan Investment Board acquired a new position in shares of Chubb in the second quarter valued at about $192,215,000. Finally, Castlekeep Investment Advisors LLC acquired a new position in shares of Chubb in the second quarter valued at about $1,049,000. 83.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CB has been the subject of several analyst reports. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a research note on Monday, July 20th. Citigroup reaffirmed a “market outperform” rating on shares of Chubb in a report on Wednesday, July 22nd. The Goldman Sachs Group lifted their price target on shares of Chubb from $362.00 to $386.00 and gave the company a “buy” rating in a research report on Wednesday, July 1st. Mizuho boosted their price target on Chubb from $335.00 to $352.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. Finally, HSBC downgraded Chubb from a “buy” rating to a “hold” rating and increased their price target for the stock from $370.00 to $373.00 in a research report on Monday, July 6th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have issued 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 an average target price of $361.00.

Chubb Stock Performance

Shares of Chubb stock opened at $342.90 on Wednesday. The company has a 50 day moving average of $346.53 and a 200-day moving average of $333.79. Chubb Limited has a 1-year low of $265.30 and a 1-year high of $365.91. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The company has a market cap of $132.29 billion, a PE ratio of 12.13, a price-to-earnings-growth ratio of 1.68 and a beta of 0.39.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same quarter last year, the business posted $6.14 EPS. As a group, equities research analysts forecast that Chubb Limited will post 27.49 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Shareholders of record on Friday, September 11th will be issued a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s dividend payout ratio (DPR) is currently 14.43%.

Insider Buying and Selling at Chubb

In related news, Director Michael P. Connors sold 5,500 shares of the company’s stock in a transaction on Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares in the company, valued at $4,417,035. This represents a 30.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm’s stock in a transaction dated Tuesday, July 28th. The shares were 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 in the company, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.

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.