Edmond DE Rothschild Holding S.A. Acquires New Holdings in Chubb Limited $CB

Edmond DE Rothschild Holding S.A. acquired a new position in Chubb Limited (NYSE:CB) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,275 shares of the financial services provider’s stock, valued at approximately $1,116,000.

Several other hedge funds and other institutional investors have also bought and sold shares of CB. IMG Wealth Management Inc. bought a new position in shares of Chubb in the 2nd quarter worth $25,000. Dunhill Financial LLC purchased a new position in Chubb in the second quarter valued at about $25,000. CBIZ Investment Advisory Services LLC grew its stake in Chubb by 148.5% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 49 shares during the last quarter. Frazier Financial Advisors LLC raised its holdings in Chubb by 86.4% in the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock worth $27,000 after purchasing an additional 38 shares in the last quarter. Finally, Merkkuri Wealth Advisors LLC purchased a new stake in shares of Chubb during the first quarter valued at about $29,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CB. Mizuho boosted their price objective on shares of Chubb from $335.00 to $352.00 and gave the stock a “neutral” rating in a research note on Thursday, July 9th. Atlantic Securities set a $301.00 price target on shares of Chubb in a report on Wednesday, July 15th. BMO Capital Markets increased their price objective on Chubb from $326.00 to $339.00 and gave the company a “market perform” rating in a report on Friday, April 24th. Citigroup restated a “market outperform” rating on shares of Chubb in a research note on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. increased their price target on Chubb from $340.00 to $370.00 and gave the company a “neutral” rating in a research note on Monday, July 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $361.00.

Insider Transactions at Chubb

In related news, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares in the company, valued at $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the 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 completion of the transaction, the executive vice president owned 33,749 shares in the company, valued at approximately $12,302,860.46. This trade represents a 20.12% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by corporate insiders.

Chubb Trading Up 0.6%

NYSE CB opened at $342.98 on Friday. Chubb Limited has a 12-month low of $265.30 and a 12-month high of $365.91. The company has a fifty day simple moving average of $345.61 and a two-hundred day simple moving average of $333.25. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The stock has a market cap of $132.32 billion, a P/E ratio of 12.13, a P/E/G ratio of 1.68 and a beta of 0.39.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. The firm had revenue of $11.97 billion for the quarter, compared to analyst estimates of $15.07 billion. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period in the previous year, the company earned $6.14 earnings per share. On average, analysts forecast that Chubb Limited will post 27.45 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. Chubb’s dividend payout ratio is currently 14.43%.

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.