Corient Private Wealth LLC Has $169.40 Million Position in Chubb Limited $CB

Corient Private Wealth LLC lifted its stake in Chubb Limited (NYSE:CB) by 0.6% during the second quarter, HoldingsChannel reports. The fund owned 584,706 shares of the financial services provider’s stock after purchasing an additional 3,616 shares during the quarter. Corient Private Wealth LLC’s holdings in Chubb were worth $169,402,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. 1248 Management LLC purchased a new position in Chubb in the first quarter valued at about $31,000. VSM Wealth Advisory LLC acquired a new stake in shares of Chubb during the 2nd quarter valued at about $32,000. WPG Advisers LLC bought a new stake in shares of Chubb in the 1st quarter valued at approximately $33,000. Maseco LLP acquired a new position in Chubb in the second quarter worth approximately $35,000. Finally, Access Investment Management LLC bought a new position in Chubb during the second quarter valued at approximately $41,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Up 0.8%

Chubb stock opened at $308.45 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.27. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $308.98. The firm has a fifty day moving average price of $288.27 and a two-hundred day moving average price of $282.14. The firm has a market cap of $121.39 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 3.52 and a beta of 0.51.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.51 by $1.98. The company had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The firm’s revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business posted $5.72 earnings per share. As a group, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Friday, December 12th. Chubb’s payout ratio is currently 16.19%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Bank of America boosted their target price on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research report on Monday, October 13th. Wolfe Research lifted their price objective on shares of Chubb from $336.00 to $364.00 and gave the company an “outperform” rating in a research note on Thursday. Morgan Stanley increased their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday, November 17th. Cantor Fitzgerald restated a “neutral” rating on shares of Chubb in a report on Wednesday. Finally, Evercore ISI upped their price target on Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average target price of $309.79.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider owned 90,600 shares of the company’s stock, valued at approximately $25,458,600. The trade was a 20.73% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 57,333 shares of company stock worth $16,629,873 over the last three months. 0.86% of the stock is currently owned by insiders.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.