Focus Partners Advisor Solutions LLC Increases Holdings in Chubb Limited $CB

Focus Partners Advisor Solutions LLC boosted its stake in shares of Chubb Limited (NYSE:CB) by 253.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,805 shares of the financial services provider’s stock after buying an additional 11,339 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in Chubb were worth $4,518,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CB. Becker Capital Management Inc. boosted its position in shares of Chubb by 2.8% during the 3rd quarter. Becker Capital Management Inc. now owns 86,268 shares of the financial services provider’s stock valued at $24,432,000 after acquiring an additional 2,341 shares during the last quarter. Kingsview Wealth Management LLC raised its stake in Chubb by 188.8% during the third quarter. Kingsview Wealth Management LLC now owns 14,642 shares of the financial services provider’s stock worth $4,133,000 after purchasing an additional 9,572 shares during the period. 111 Capital boosted its holdings in Chubb by 242.1% in the 3rd quarter. 111 Capital now owns 4,636 shares of the financial services provider’s stock valued at $1,309,000 after purchasing an additional 3,281 shares during the last quarter. Elo Mutual Pension Insurance Co boosted its holdings in Chubb by 22.7% in the 3rd quarter. Elo Mutual Pension Insurance Co now owns 54,777 shares of the financial services provider’s stock valued at $15,461,000 after purchasing an additional 10,126 shares during the last quarter. Finally, WASHINGTON TRUST Co grew its stake in shares of Chubb by 1.3% in the 3rd quarter. WASHINGTON TRUST Co now owns 51,863 shares of the financial services provider’s stock valued at $14,638,000 after buying an additional 646 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 27,817 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares in the company, valued at $3,920,683.80. This represents a 70.20% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total transaction of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares of the company’s stock, valued at approximately $169,572,096.72. This trade represents a 2.86% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.86% of the stock is owned by corporate insiders.

Chubb Price Performance

CB stock opened at $338.07 on Wednesday. The business’s fifty day moving average price is $317.11 and its 200 day moving average price is $296.78. Chubb Limited has a 12-month low of $264.10 and a 12-month high of $345.67. The company has a current ratio of 0.24, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $131.90 billion, a PE ratio of 13.14, a P/E/G ratio of 2.18 and a beta of 0.46.

Chubb (NYSE:CB) last released its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 earnings per share for the quarter, beating the consensus estimate of $6.33 by $1.19. The company had revenue of $2.08 billion during the quarter, compared to the consensus estimate of $11.11 billion. Chubb had a return on equity of 13.15% and a net margin of 17.36%.Chubb’s revenue was up 8.9% compared to the same quarter last year. During the same period in the previous year, the company posted $6.02 EPS. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Investors of record on Friday, March 13th will be issued a $0.97 dividend. The ex-dividend date is Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.1%. Chubb’s payout ratio is 15.08%.

Wall Street Analyst Weigh In

CB has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a research report on Monday, November 24th. Citizens Jmp restated a “market outperform” rating and issued a $350.00 target price on shares of Chubb in a research report on Wednesday, February 4th. Piper Sandler upped their price target on Chubb from $283.00 to $319.00 and gave the company a “neutral” rating in a research note on Wednesday, February 4th. Wells Fargo & Company raised their price objective on Chubb from $305.00 to $322.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 5th. Finally, Barclays boosted their price objective on shares of Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $340.81.

Chubb Company 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.