35,696 Shares in Chubb Limited $CB Acquired by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management acquired 35,696 Chubb shares worth approximately $12.2 million in the second quarter. Institutional investors collectively own 83.81% of Chubb.
• Analysts remain broadly neutral, with a consensus “Hold” rating and an average price target of $361. Recent targets range from $337 to $374.
• Chubb reported quarterly EPS of $7.26, beating estimates by $0.49, while revenue rose 3.6% year over year. The company also declared a quarterly dividend of $1.02, representing a 1.2% annualized yield.

Northwestern Mutual Wealth Management Co. purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 35,696 shares of the financial services provider's stock, valued at approximately $12,163,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC raised its stake in shares of Chubb by 12.8% during the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock valued at $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC acquired a new position in shares of Chubb during the fourth quarter worth $205,000. Woodline Partners LP boosted its stake in shares of Chubb by 13.0% in the first quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider's stock valued at $3,805,000 after purchasing an additional 1,449 shares during the period. Sivia Capital Partners LLC boosted its stake in shares of Chubb by 14.4% in the second quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider's stock valued at $403,000 after purchasing an additional 175 shares during the period. Finally, Sei Investments Co. grew its holdings in Chubb by 9.3% during the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider's stock valued at $58,305,000 after purchasing an additional 17,155 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a $354.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Morgan Stanley upped their price objective on shares of Chubb from $340.00 to $360.00 and gave the company an "equal weight" rating in a research report on Wednesday. UBS Group raised their target price on Chubb from $340.00 to $369.00 and gave the company a "neutral" rating in a research note on Wednesday, July 8th. Cantor Fitzgerald lifted their target price on Chubb from $318.00 to $337.00 and gave the stock a "neutral" rating in a research report on Thursday, July 9th. Finally, Evercore reiterated an "outperform" rating and issued a $374.00 price target on shares of Chubb in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Chubb presently has a consensus rating of "Hold" and an average price target of $361.00.

Chubb Stock Down 0.5%

CB stock opened at $341.15 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a 50 day simple moving average of $345.88 and a 200-day simple moving average of $333.31. The company has a market capitalization of $131.62 billion, a P/E ratio of 12.07, a PEG ratio of 1.65 and a beta of 0.39. Chubb Limited has a twelve month low of $265.30 and a twelve month high of $365.91.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm had revenue of $11.97 billion for the quarter, compared to analysts' expectations of $15.07 billion. During the same period in the prior year, the company posted $6.14 earnings per share. The firm's quarterly revenue was up 3.6% on a year-over-year basis. On average, equities research analysts predict that Chubb Limited will post 27.49 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date is Friday, September 11th. Chubb's dividend payout ratio is 14.43%.

Insider Transactions at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the company's stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the 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 transaction, the executive vice president directly owned 33,749 shares in the company, valued at $12,302,860.46. The trade was a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.37% of the company's stock.

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.

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