Chubb Limited $CB Shares Acquired by Robertson Stephens Wealth Management LLC

Key Points

• Robertson Stephens Wealth Management increased its Chubb stake by 325.1% in the third quarter, owning 14,170 shares valued at approximately $4.6 million. Institutional investors collectively hold 83.81% of Chubb’s stock.
• Chubb shares opened at $359.51, near their 52-week high of $365.91, with a market capitalization of $138.70 billion. Analysts’ consensus rating is “Hold,” with an average price target of $358.36.
• Chubb reported quarterly EPS of $7.26, exceeding estimates by $0.49, while revenue rose 3.6% year over year. The company also maintains a quarterly dividend of $1.02 per share, equivalent to a 1.1% annual yield.

Robertson Stephens Wealth Management LLC increased its holdings in Chubb Limited (NYSE:CB - Free Report) by 325.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,170 shares of the financial services provider's stock after acquiring an additional 10,837 shares during the quarter. Robertson Stephens Wealth Management LLC's holdings in Chubb were worth $4,609,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the business. 1834 Investment Advisors Co. boosted its stake in shares of Chubb by 16.5% during the 3rd quarter. 1834 Investment Advisors Co. now owns 1,971 shares of the financial services provider's stock valued at $641,000 after buying an additional 279 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of Chubb during the third quarter worth approximately $54,000. Kintegral Advisory LLC increased its stake in shares of Chubb by 57.5% in the third quarter. Kintegral Advisory LLC now owns 31,799 shares of the financial services provider's stock worth $10,343,000 after buying an additional 11,604 shares during the last quarter. Avail Investment Partners LLC increased its stake in shares of Chubb by 3.2% in the third quarter. Avail Investment Partners LLC now owns 1,732 shares of the financial services provider's stock worth $563,000 after buying an additional 53 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its stake in shares of Chubb by 2.5% in the third quarter. Vontobel Holding Ltd. now owns 99,048 shares of the financial services provider's stock worth $30,824,000 after buying an additional 2,396 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Price Performance

Shares of NYSE CB opened at $359.51 on Friday. Chubb Limited has a twelve month low of $266.40 and a twelve month high of $365.91. 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 company has a market capitalization of $138.70 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth ratio of 1.57 and a beta of 0.36. The business has a 50 day simple moving average of $340.44 and a 200-day simple moving average of $336.38.

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 return on equity of 14.47% and a net margin of 18.10%. The business had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. During the same period in the prior year, the company posted $6.14 EPS. The business's revenue was up 3.6% compared to the same quarter last year. As a group, equities research analysts expect that Chubb Limited will post 27.72 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were paid a dividend of $1.02 per share. The ex-dividend date was Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.1%. Chubb's payout ratio is presently 14.43%.

Insiders Place Their Bets

In other Chubb news, Director Michael Connors sold 5,500 shares of the stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the sale, the director directly owned 12,803 shares of the company's stock, valued at approximately $4,417,035. This represents a 30.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm's 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 completion of the transaction, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CB shares. Evercore reaffirmed an "outperform" rating and issued a $374.00 price target on shares of Chubb in a report on Friday, July 10th. The Goldman Sachs Group raised their price objective on shares of Chubb from $362.00 to $386.00 and gave the stock a "buy" rating in a report on Wednesday, July 1st. JPMorgan Chase & Co. decreased their price objective on shares of Chubb from $374.00 to $371.00 and set a "neutral" rating for the company in a report on Friday, October 9th. Atlantic Securities set a $301.00 target price on shares of Chubb in a research report on Wednesday, July 15th. Finally, Citizens Jmp restated a "market outperform" rating and issued a $400.00 target price on shares of Chubb in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $358.36.

Chubb Company Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers' compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.

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