Dakota Wealth Management Has $10.16 Million Stock Holdings in Chubb Limited $CB

Dakota Wealth Management lifted its stake in shares of Chubb Limited (NYSE:CB) by 13.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 35,998 shares of the financial services provider’s stock after buying an additional 4,355 shares during the period. Dakota Wealth Management’s holdings in Chubb were worth $10,161,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Harbor Capital Advisors Inc. lifted its position in Chubb by 93.6% during the third quarter. Harbor Capital Advisors Inc. now owns 91 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 44 shares during the period. Cedar Mountain Advisors LLC raised its position in shares of Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock valued at $26,000 after buying an additional 56 shares in the last quarter. VSM Wealth Advisory LLC bought a new stake in shares of Chubb during the 2nd quarter worth approximately $32,000. Cornerstone Planning Group LLC boosted its position in shares of Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares in the last quarter. Finally, Heartwood Wealth Advisors LLC bought a new position in Chubb in the third quarter valued at approximately $34,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.5%

NYSE:CB opened at $333.27 on Tuesday. Chubb Limited has a one year low of $264.10 and a one year 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 company has a market cap of $131.16 billion, a PE ratio of 12.95, a P/E/G ratio of 2.11 and a beta of 0.49. The firm’s 50 day simple moving average is $313.88 and its 200 day simple moving average is $294.01.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.33 by $1.19. The firm had revenue of $2.08 billion during the quarter, compared to analysts’ expectations of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. The company’s revenue was up 8.9% on a year-over-year basis. During the same period in the prior year, the company posted $6.02 EPS. On average, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the transaction, the executive vice president directly owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This trade represents a 70.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer owned 511,576 shares in the company, valued at $169,572,096.72. This trade represents a 2.86% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of several recent analyst reports. Mizuho upped their target price on Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a research note on Friday, February 6th. Wolfe Research upped their price objective on Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Cantor Fitzgerald raised their price objective on Chubb from $300.00 to $309.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Citigroup boosted their target price on Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Jefferies Financial Group increased their target price on shares of Chubb from $326.00 to $333.00 and gave the stock a “hold” rating in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $340.81.

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.