Chubb Limited $CB Stock: Robeco Institutional Asset Management B.V. Increases Holdings

Robeco Institutional Asset Management B.V. grew its position in Chubb Limited (NYSE:CB) by 12.0% during the third quarter, HoldingsChannel reports. The firm owned 351,692 shares of the financial services provider’s stock after buying an additional 37,816 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Chubb were worth $114,388,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Diversify Advisory Services LLC boosted its holdings in shares of Chubb by 15.6% during the 3rd quarter. Diversify Advisory Services LLC now owns 3,663 shares of the financial services provider’s stock worth $1,292,000 after buying an additional 493 shares during the period. Revisor Wealth Management LLC grew its stake in Chubb by 6.5% in the 3rd quarter. Revisor Wealth Management LLC now owns 1,386 shares of the financial services provider’s stock valued at $497,000 after buying an additional 84 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in Chubb by 5.7% in the 3rd quarter. Bank Pictet & Cie Europe AG now owns 7,024 shares of the financial services provider’s stock worth $2,285,000 after acquiring an additional 381 shares during the period. 55 North Private Wealth LLC raised its holdings in Chubb by 4.2% in the 3rd quarter. 55 North Private Wealth LLC now owns 918 shares of the financial services provider’s stock worth $299,000 after acquiring an additional 37 shares during the period. Finally, Prime Capital Investment Advisors LLC raised its holdings in Chubb by 19.0% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 9,900 shares of the financial services provider’s stock worth $3,220,000 after acquiring an additional 1,578 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of recent analyst reports. HSBC restated a “hold” rating and set a $359.00 price target on shares of Chubb in a report on Wednesday, October 7th. Citizens Jmp reiterated a “market outperform” rating and issued a $400.00 price objective on shares of Chubb in a research note on Wednesday, July 22nd. Piper Sandler boosted their price objective on Chubb from $340.00 to $374.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 15th. UBS Group increased their target price on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Morgan Stanley lowered their target price on Chubb from $360.00 to $350.00 and set an “equal weight” rating on the stock in a report on Tuesday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $358.36.

Chubb Price Performance

NYSE:CB opened at $354.81 on Thursday. The stock has a market cap of $136.89 billion, a P/E ratio of 12.41, a PEG ratio of 1.57 and a beta of 0.36. Chubb Limited has a one year low of $272.20 and a one year high of $365.91. The company has a fifty day moving average price of $341.06 and a 200 day moving average price of $337.07. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.33%. The company had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.71 billion. During the same period last year, the business posted $7.49 EPS. Analysts anticipate that Chubb Limited will post 27.72 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were paid a $1.02 dividend. This represents a $4.08 annualized dividend and a dividend yield of 1.1%. The ex-dividend date was Friday, September 11th. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

Insider Activity

In related news, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction dated 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 sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at $12,302,860.46. This trade represents a 20.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Connors sold 5,500 shares of the business’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total value of $1,897,500.00. Following the transaction, the director owned 12,803 shares in the company, valued at $4,417,035. This represents a 30.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.37% of the stock is currently owned by company insiders.

Key Headlines Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Quarterly results exceeded expectations. Chubb reported $7.66 in adjusted earnings per share, above the $6.79 consensus estimate, while revenue reached $16.20 billion versus expectations of $15.71 billion. Earnings also increased from $7.49 per share a year earlier. Chubb quarterly earnings report
• Positive Sentiment: Underlying business momentum remained strong. Core operating income totaled approximately $2.98 billion, overseas general property-and-casualty premiums grew 6.7%, and net premiums written increased. Record investment income and higher life-insurance income also helped offset pressure in underwriting. Chubb long-term investor takeaways
• Positive Sentiment: Analyst sentiment improved in one notable instance. Zacks upgraded Chubb to a Rank #2, or Buy, citing improved earnings prospects, which could support investor interest. Zacks Chubb upgrade
• Neutral Sentiment: Management maintained an upbeat outlook. The earnings call highlighted profitability, premium growth and continued benefits from investment income, but investors are evaluating whether the strong performance is already reflected in the share price. Chubb earnings call highlights
• Negative Sentiment: Catastrophe losses pressured underwriting results. Rising catastrophe claims remain a risk for future earnings and temper the otherwise strong quarter. Cantor Fitzgerald reaffirmed a Neutral rating with a $333 price target, below the stock’s recently reported $354.81 level, while another analysis said much of the strong Q3 performance may already be reflected in the valuation. Chubb valuation analysis

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers’ compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.