Chubb Limited $CB Shares Purchased by Rockland Trust Co.

Rockland Trust Co. boosted its holdings in shares of Chubb Limited (NYSE:CB) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 125,243 shares of the financial services provider’s stock after buying an additional 5,720 shares during the quarter. Chubb accounts for 1.4% of Rockland Trust Co.’s investment portfolio, making the stock its 18th largest position. Rockland Trust Co.’s holdings in Chubb were worth $35,350,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of CB. Mitchell & Pahl Private Wealth LLC increased its holdings in Chubb by 0.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock worth $2,083,000 after purchasing an additional 35 shares during the period. Golden State Wealth Management LLC grew its position in shares of Chubb by 7.4% during the third quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock worth $148,000 after buying an additional 36 shares in the last quarter. Covestor Ltd increased its stake in shares of Chubb by 26.1% during the third quarter. Covestor Ltd now owns 179 shares of the financial services provider’s stock worth $51,000 after buying an additional 37 shares during the period. Evermay Wealth Management LLC raised its holdings in Chubb by 2.3% in the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock valued at $489,000 after acquiring an additional 38 shares in the last quarter. Finally, JT Stratford LLC raised its holdings in Chubb by 3.5% in the second quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock valued at $327,000 after acquiring an additional 38 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of recent analyst reports. Evercore increased their price objective on shares of Chubb from $346.00 to $347.00 and gave the company an “outperform” rating in a research report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft increased their target price on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a report on Monday, November 24th. Mizuho lifted their price target on Chubb from $317.00 to $336.00 and gave the stock a “neutral” rating in a report on Friday. Wells Fargo & Company upped 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, Wolfe Research raised their target price on Chubb from $364.00 to $372.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus target price of $338.14.

Chubb Trading Down 1.4%

NYSE:CB opened at $326.25 on Tuesday. The company has a market capitalization of $128.40 billion, a PE ratio of 12.68, a P/E/G ratio of 2.12 and a beta of 0.49. Chubb Limited has a 52-week low of $263.14 and a 52-week high of $335.59. The stock’s 50 day moving average price is $308.06 and its 200 day moving average price is $289.69. The company has a quick ratio of 0.27, a current ratio of 0.24 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings data 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 business 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%.The company’s revenue was up 8.9% compared to the same quarter last year. During the same period in the prior year, the company earned $6.02 earnings per share. On average, research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were paid a $0.97 dividend. The ex-dividend date was Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s payout ratio is currently 15.08%.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 16,375 shares of the stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the sale, the insider owned 74,225 shares in the company, valued at approximately $22,004,001.25. This represents a 18.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares in the company, valued at approximately $18,000,968.44. This represents a 8.78% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 48,695 shares of company stock valued at $14,962,673 over the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Chubb News Roundup

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Raymond James upgraded Chubb to a “strong-buy” and raised its price target to $380, signaling material upside versus current levels and likely attracting buyer interest. Read More.
• Positive Sentiment: Several brokers have raised price targets recently (examples cited include lifts into the mid-to-high $300s), increasing analyst-implied valuation and supporting momentum. Read More.
• Positive Sentiment: Independent commentary (The Motley Fool) is recommending Chubb as a safer insurance alternative versus volatile peers, which can draw relative-value flows into CB. Read More.
• Neutral Sentiment: Brokerage consensus still reads as a collective “Hold” despite several target raises, which could limit broad-based upgrades until further guidance or sustained results arrive. Read More.
• Neutral Sentiment: Chubb’s recent quarterly results showed a solid EPS beat (reported $7.52 vs. ~$6.33 est.) and steady revenue growth—fundamentals that underpin longer-term investor confidence (background filing/earnings release).
• Negative Sentiment: Insider selling: CEO Evan Greenberg sold 15,060 shares on Feb. 5 at an average ~$331.47 (~$5.0M). While his remaining stake remains large, the sale can be perceived negatively by some market participants. Read More.
• Negative Sentiment: MarketWatch noted Chubb underperformed peers on Monday, which could reflect short-term rotation within the sector even as some analysts raise targets. Read More.

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.