Cerity Partners LLC Increases Stock Holdings in Chubb Limited (NYSE:CB)

Cerity Partners LLC boosted its stake in Chubb Limited (NYSE:CB) by 37.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 295,081 shares of the financial services provider’s stock after acquiring an additional 80,513 shares during the period. Cerity Partners LLC owned 0.07% of Chubb worth $85,101,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ameriprise Financial Inc. grew its position in shares of Chubb by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock worth $1,258,202,000 after buying an additional 63,891 shares during the period. Legal & General Group Plc grew its holdings in Chubb by 2.9% in the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock worth $938,663,000 after purchasing an additional 104,986 shares during the period. Raymond James & Associates lifted its holdings in shares of Chubb by 2.9% during the second quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock valued at $778,270,000 after purchasing an additional 87,059 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Chubb by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider’s stock worth $586,207,000 after purchasing an additional 160,335 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in shares of Chubb by 0.6% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 1,428,357 shares of the financial services provider’s stock worth $364,345,000 after buying an additional 8,215 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 6,599 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $287.06, for a total value of $1,894,308.94. Following the completion of the sale, the executive vice president now directly owns 84,101 shares of the company’s stock, valued at $24,142,033.06. The trade was a 7.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John J. Lupica sold 15,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares in the company, valued at approximately $29,676,685.50. This trade represents a 12.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,715 shares of company stock worth $23,803,540. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CB shares. Evercore ISI boosted their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. JMP Securities lifted their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company increased their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Bank of America lifted their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $287.37.

Chubb Stock Up 0.0 %

Shares of CB opened at $285.21 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $114.97 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 6.65 and a beta of 0.67. Chubb Limited has a 1 year low of $216.90 and a 1 year high of $302.05. The business’s 50 day simple moving average is $287.46 and its 200-day simple moving average is $274.26.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the prior year, the company earned $4.95 EPS. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts expect that Chubb Limited will post 21.77 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s dividend payout ratio is presently 14.91%.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.