Edmond DE Rothschild Holding S.A. Makes New Investment in Chubb Limited $CB

Key Points

• Edmond DE Rothschild Holding acquired 3,275 Chubb shares worth approximately $1.1 million, while institutional investors collectively own 83.81% of the company.
• Chubb reported quarterly EPS of $7.26, exceeding the $6.77 analyst consensus, with revenue up 3.6% year over year. Analysts maintain an average “Hold” rating and a $361 price target.
• Chubb declared a quarterly dividend of $1.02, equivalent to $4.08 annually and a 1.2% yield; the stock opened at $342.98, up 0.6%.

Edmond DE Rothschild Holding S.A. acquired a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,275 shares of the financial services provider's stock, valued at approximately $1,116,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Chubb in the 2nd quarter worth $9,913,336,000. Norges Bank purchased a new position in shares of Chubb in the 4th quarter worth approximately $1,081,190,000. Bank of New York Mellon Corp bought a new position in shares of Chubb during the 2nd quarter valued at approximately $1,042,549,000. Price T Rowe Associates Inc. MD raised its holdings in Chubb by 25.6% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider's stock valued at $4,665,508,000 after buying an additional 3,049,987 shares during the period. Finally, Berkshire Hathaway Inc raised its holdings in Chubb by 9.3% during the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider's stock valued at $10,689,855,000 after buying an additional 2,916,288 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares of the company's stock, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 8,502 shares of the firm's stock in a transaction on Tuesday, July 28th. The stock was sold at an average price of $364.54, for a total value of $3,099,319.08. Following the transaction, the executive vice president owned 33,749 shares in the company, valued at $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 owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CB shares. Mizuho boosted their price objective on shares of Chubb from $335.00 to $352.00 and gave the company a "neutral" rating in a research report on Thursday, July 9th. Atlantic Securities set a $301.00 target price on shares of Chubb in a report on Wednesday, July 15th. Citigroup reaffirmed a "market outperform" rating on shares of Chubb in a research note on Wednesday, July 22nd. Weiss Ratings upgraded shares of Chubb from a "buy (b+)" rating to a "buy (a-)" rating in a report on Monday, June 29th. Finally, Piper Sandler increased their price objective on shares of Chubb from $340.00 to $374.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $361.00.

Chubb Stock Up 0.6%

NYSE:CB opened at $342.98 on Friday. The company has a market cap of $132.32 billion, a price-to-earnings ratio of 12.13, a price-to-earnings-growth ratio of 1.68 and a beta of 0.39. Chubb Limited has a twelve month low of $265.30 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 stock has a fifty day simple moving average of $345.61 and a 200-day simple moving average of $333.25.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping analysts' consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to analysts' expectations of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business's revenue for the quarter was up 3.6% on a year-over-year basis. During the same period in the prior year, the business posted $6.14 earnings per share. Analysts anticipate that Chubb Limited will post 27.45 EPS for the current year.

Chubb Dividend Announcement

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

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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