Focus Partners Advisor Solutions LLC Purchases Shares of 15,973 Chubb Limited $CB

Key Points

• Focus Partners Advisor Solutions acquired 15,973 Chubb shares worth approximately $5.44 million. Institutional investors collectively own 83.81% of the company.
• Analysts maintain a consensus “Hold” rating with an average price target of $360.09, compared with Chubb’s opening price of $343.80.
• Chubb exceeded quarterly earnings expectations, reporting $7.26 in EPS versus the $6.77 estimate, and declared a quarterly dividend of $1.02 per share, representing a 1.2% annualized yield.

Focus Partners Advisor Solutions LLC acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 15,973 shares of the financial services provider's stock, valued at approximately $5,443,000.

Several other institutional investors have also recently modified their holdings of the company. CBIZ Investment Advisory Services LLC lifted its holdings in shares of Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock worth $26,000 after purchasing an additional 49 shares during the period. Frazier Financial Advisors LLC increased its holdings in Chubb by 86.4% in the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock worth $27,000 after buying an additional 38 shares during the period. Merkkuri Wealth Advisors LLC acquired a new position in Chubb in the 1st quarter worth approximately $29,000. Laurel Wealth Advisors LLC purchased a new position in Chubb during the 4th quarter worth approximately $31,000. Finally, Ares Financial Consulting LLC purchased a new position in Chubb during the 4th quarter worth approximately $32,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CB has been the subject of several research reports. Atlantic Securities set a $301.00 price objective on shares of Chubb in a research note on Wednesday, July 15th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $340.00 to $370.00 and gave the stock a "neutral" rating in a report on Monday, July 20th. UBS Group boosted their target price on shares of Chubb from $340.00 to $369.00 and gave the company a "neutral" rating in a research report on Wednesday, July 8th. Wells Fargo & Company lowered their price target on shares of Chubb from $358.00 to $356.00 and set an "equal weight" rating on the stock in a report on Thursday, July 23rd. Finally, Citizens Jmp reaffirmed a "market outperform" rating and set a $400.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Two investment 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 given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $360.09.

Insider Buying and Selling at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the firm's stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction 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 trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction on Tuesday, July 28th. The shares were 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 directly owned 33,749 shares of the company's stock, 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. 0.37% of the stock is currently owned by company insiders.

Chubb Trading Down 0.2%

Shares of NYSE:CB opened at $343.80 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. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91. The business has a 50 day moving average of $344.31 and a two-hundred day moving average of $331.99. The company has a market capitalization of $132.64 billion, a PE ratio of 12.16, a PEG ratio of 1.70 and a beta of 0.39.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data 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 business 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 was up 3.6% on a year-over-year basis. During the same quarter last year, the company earned $6.14 EPS. As a group, analysts forecast that Chubb Limited will post 27.45 EPS for the current year.

Chubb Announces Dividend

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 dividend of $1.02 per share. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a yield of 1.2%. Chubb's dividend payout ratio is 14.43%.

About Chubb

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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