Chubb Limited $CB Stock: Robertson Stephens Wealth Management LLC Raises Stake

Robertson Stephens Wealth Management LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 325.1% in the third quarter, Holdings Channel.com reports. The institutional investor owned 14,170 shares of the financial services provider’s stock after acquiring an additional 10,837 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Chubb were worth $4,609,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in CB. 1834 Investment Advisors Co. lifted its stake in Chubb by 16.5% in the third quarter. 1834 Investment Advisors Co. now owns 1,971 shares of the financial services provider’s stock valued at $641,000 after buying an additional 279 shares during the last quarter. USA Financial Formulas acquired a new position in shares of Chubb during the third quarter valued at $54,000. Kintegral Advisory LLC boosted its holdings in shares of Chubb by 57.5% during the third quarter. Kintegral Advisory LLC now owns 31,799 shares of the financial services provider’s stock valued at $10,343,000 after acquiring an additional 11,604 shares during the period. Avail Investment Partners LLC grew its position in shares of Chubb by 3.2% during the third quarter. Avail Investment Partners LLC now owns 1,732 shares of the financial services provider’s stock worth $563,000 after acquiring an additional 53 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its position in shares of Chubb by 2.5% during the third quarter. Vontobel Holding Ltd. now owns 99,048 shares of the financial services provider’s stock worth $30,824,000 after acquiring an additional 2,396 shares during the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Chubb news, Director Michael Connors sold 5,500 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 8,502 shares of the business’s stock in a transaction dated Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president 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. 0.37% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CB has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a $354.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Citizens Jmp reissued a “market outperform” rating and set a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. Weiss Ratings lowered shares of Chubb from a “buy (a-)” rating to a “buy (b)” rating in a research note on Friday, October 2nd. The Goldman Sachs Group upped their target price on shares of Chubb from $362.00 to $386.00 and gave the stock a “buy” rating in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company decreased their target price on shares of Chubb from $356.00 to $343.00 and set an “equal weight” rating for the company in a research report on Monday, October 12th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have given 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 an average rating of “Hold” and an average target price of $358.36.

Chubb Price Performance

Shares of CB opened at $359.51 on Friday. Chubb Limited has a one year low of $266.40 and a one year high of $365.91. The stock’s fifty day moving average is $340.44 and its 200-day moving average is $336.38. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market capitalization of $138.70 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.57 and a beta of 0.36.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, topping the consensus estimate of $6.77 by $0.49. The business had revenue of $11.97 billion during the quarter, compared to the consensus estimate of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The company’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $6.14 earnings per share. Equities analysts anticipate that Chubb Limited will post 27.72 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were paid a dividend of $1.02 per share. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.1%. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.