TRB Wealth Management LLC Buys New Position in Chubb Limited $CB

Key Points

• TRB Wealth Management initiated a Chubb position in the second quarter, purchasing 3,715 shares valued at approximately $1.27 million. Institutional investors collectively own 83.81% of Chubb’s stock.
• Chubb reported quarterly earnings of $7.26 per share, beating estimates of $6.77, while revenue rose 3.6% year over year to $11.97 billion. The company announced a quarterly dividend of $1.02 per share, equivalent to a 1.2% yield.
• Shares recently traded at $341.15, down 0.5%, with analysts holding a consensus “Hold” rating and an average price target of $361.00. Insider executives have recently sold shares, and insiders own just 0.37% of the company.

TRB Wealth Management LLC bought a new stake in Chubb Limited (NYSE:CB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 3,715 shares of the financial services provider's stock, valued at approximately $1,266,000.

Other large investors have also recently bought and sold shares of the company. IMG Wealth Management Inc. acquired a new position in Chubb during the second quarter worth $25,000. Dunhill Financial LLC acquired a new stake in Chubb in the 2nd quarter valued at $25,000. CBIZ Investment Advisory Services LLC increased its stake in Chubb by 148.5% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider's stock valued at $26,000 after buying an additional 49 shares during the last quarter. Frazier Financial Advisors LLC lifted its position in Chubb by 86.4% during 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 in the last quarter. Finally, Merkkuri Wealth Advisors LLC acquired a new position in shares of Chubb during the 1st quarter worth about $29,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Trading Down 0.5%

Shares of NYSE:CB opened at $341.15 on Friday. Chubb Limited has a 52-week low of $265.30 and a 52-week high of $365.91. The company has a debt-to-equity ratio of 0.22, a quick ratio of 0.29 and a current ratio of 0.29. The company has a market capitalization of $131.62 billion, a P/E ratio of 12.07, a price-to-earnings-growth ratio of 1.66 and a beta of 0.39. The company has a 50-day simple moving average of $345.88 and a 200 day simple moving average of $333.31.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share 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 the consensus estimate of $15.07 billion. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The business's revenue was up 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $6.14 earnings per share. Sell-side analysts forecast that Chubb Limited will post 27.49 earnings per share for the current year.

Chubb Announces Dividend

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

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on CB shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $354.00 price objective on shares of Chubb in a report on Wednesday, July 22nd. Atlantic Securities set a $301.00 price target on Chubb in a research report on Wednesday, July 15th. Evercore restated an "outperform" rating and issued a $374.00 price target on shares of Chubb in a research note on Friday, July 10th. Citigroup reaffirmed a "market outperform" rating on shares of Chubb in a research report on Wednesday, July 22nd. Finally, Keefe, Bruyette & Woods upped their price objective on Chubb from $374.00 to $389.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 8th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $361.00.

Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 8,502 shares of the business's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO John W. Keogh sold 23,000 shares of the stock in a transaction on 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 completion of 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 position. The disclosure for this sale is available in the SEC filing. 0.37% of the stock is currently owned by insiders.

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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