Chubb Limited $CB Stake Raised by Assetmark Inc.

Assetmark Inc. lifted its holdings in shares of Chubb Limited (NYSE:CB) by 29.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 92,116 shares of the financial services provider’s stock after buying an additional 20,822 shares during the period. Assetmark Inc.’s holdings in Chubb were worth $26,000,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new stake in Chubb in the fourth quarter worth about $205,000. Woodline Partners LP grew its position in Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock valued at $3,805,000 after buying an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC grew its position in Chubb by 14.4% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock valued at $403,000 after buying an additional 175 shares in the last quarter. Finally, Axxcess Wealth Management LLC increased its stake in Chubb by 5.1% during the 2nd quarter. Axxcess Wealth Management LLC now owns 2,356 shares of the financial services provider’s stock valued at $683,000 after buying an additional 114 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Down 2.4%

NYSE:CB opened at $324.57 on Friday. The stock has a market cap of $127.73 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 2.07 and a beta of 0.49. Chubb Limited has a fifty-two week low of $263.14 and a fifty-two week high of $335.60. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27. The stock’s 50-day moving average is $310.71 and its two-hundred day moving average is $291.22.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, topping analysts’ consensus estimates of $6.33 by $1.19. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The business had revenue of $2.08 billion for the quarter, compared to the consensus estimate of $11.11 billion. During the same period in the prior year, the business posted $6.02 earnings per share. Chubb’s revenue for the quarter was up 8.9% compared to the same quarter last year. As a group, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s dividend payout ratio is presently 15.08%.

Analysts Set New Price Targets

CB has been the subject of several recent analyst reports. Wolfe Research increased their price objective on shares of Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a report on Thursday, February 5th. Keefe, Bruyette & Woods increased their price target on Chubb from $355.00 to $373.00 and gave the company an “outperform” rating in a research note on Friday, February 6th. Morgan Stanley set a $350.00 price target on Chubb in a research report on Friday, January 16th. Jefferies Financial Group upped their price objective on Chubb from $326.00 to $333.00 and gave the company a “hold” rating in a report on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Chubb in a report on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $340.09.

Insider Activity

In related news, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction that occurred on Thursday, February 5th. The stock was 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. This trade represents a 2.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares of the company’s stock, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 54,307 shares of company stock worth $17,611,016. Corporate insiders own 0.77% of the company’s stock.

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.