Frank Rimerman Advisors LLC Acquires 1,703 Shares of Chubb Limited $CB

Frank Rimerman Advisors LLC raised its holdings in shares of Chubb Limited (NYSE:CB) by 29.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,514 shares of the financial services provider’s stock after buying an additional 1,703 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Chubb were worth $2,345,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CB. Moody Lynn & Lieberson LLC raised its holdings in shares of Chubb by 66.2% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 2,039 shares of the financial services provider’s stock valued at $636,000 after acquiring an additional 812 shares in the last quarter. MFA Wealth Services grew its holdings in shares of Chubb by 5.2% during the fourth quarter. MFA Wealth Services now owns 1,653 shares of the financial services provider’s stock worth $516,000 after purchasing an additional 82 shares in the last quarter. Rockland Trust Co. grew its holdings in shares of Chubb by 2.5% during the fourth quarter. Rockland Trust Co. now owns 128,328 shares of the financial services provider’s stock worth $40,054,000 after purchasing an additional 3,085 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Chubb by 340.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 115,140 shares of the financial services provider’s stock worth $35,700,000 after purchasing an additional 88,971 shares during the last quarter. Finally, apricus wealth LLC increased its position in shares of Chubb by 1.6% in the fourth quarter. apricus wealth LLC now owns 11,124 shares of the financial services provider’s stock worth $3,472,000 after purchasing an additional 175 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Chubb

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 15,060 shares of the firm’s stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This represents a 2.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,877 shares of company stock worth $14,885,226 over the last quarter. Corporate insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

CB has been the subject of several research analyst reports. Piper Sandler lifted their target price on shares of Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research report on Wednesday, February 4th. Barclays increased their price target on shares of Chubb from $317.00 to $339.00 and gave the stock an “equal weight” rating in a report on Thursday, January 8th. Jefferies Financial Group raised their price objective on shares of Chubb from $326.00 to $333.00 and gave the company a “hold” rating in a research report on Thursday, February 5th. Evercore lifted their price objective on shares of Chubb from $346.00 to $347.00 and gave the stock an “outperform” rating in a report on Wednesday, February 4th. Finally, Wells Fargo & Company increased their target price on Chubb from $305.00 to $322.00 and gave the company an “equal weight” rating in a research note on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $342.05.

Chubb Stock Performance

Chubb stock opened at $325.77 on Wednesday. The company has a market capitalization of $127.13 billion, a PE ratio of 12.66, a P/E/G ratio of 1.72 and a beta of 0.46. Chubb Limited has a twelve month low of $264.10 and a twelve month high of $345.67. The firm has a fifty day simple moving average of $324.42 and a two-hundred day simple moving average of $303.82. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20.

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, topping analysts’ consensus estimates of $6.33 by $1.19. The business had revenue of $2.08 billion for the quarter, compared to analyst estimates 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 quarter last year, the firm earned $6.02 EPS. Research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s dividend payout ratio (DPR) is presently 15.08%.

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.