62,885 Shares of Chubb Limited $CB Purchased by Rakuten Investment Management Inc.

Rakuten Investment Management Inc. acquired a new stake in Chubb Limited (NYSE:CB) during the 3rd quarter, Holdings Channel reports. The institutional investor acquired 62,885 shares of the financial services provider’s stock, valued at approximately $20,883,000.

A number of other large investors have also added to or reduced their stakes in the business. Atticus Wealth Management LLC grew its stake in Chubb by 3.7% in the 3rd quarter. Atticus Wealth Management LLC now owns 815 shares of the financial services provider’s stock valued at $265,000 after buying an additional 29 shares during the last quarter. Essential Investment Partners LLC lifted its holdings in Chubb by 51.8% during the 3rd quarter. Essential Investment Partners LLC now owns 85 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 29 shares during the last quarter. Freedom Day Solutions LLC boosted its stake in Chubb by 0.4% in the 3rd quarter. Freedom Day Solutions LLC now owns 8,241 shares of the financial services provider’s stock valued at $2,681,000 after purchasing an additional 31 shares during the period. United Asset Strategies Inc. grew its holdings in Chubb by 1.1% in the 3rd quarter. United Asset Strategies Inc. now owns 3,034 shares of the financial services provider’s stock valued at $987,000 after buying an additional 32 shares in the last quarter. Finally, Baker Tilly Wealth Management LLC increased its position in Chubb by 4.9% during the 3rd quarter. Baker Tilly Wealth Management LLC now owns 722 shares of the financial services provider’s stock worth $235,000 after buying an additional 34 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling at Chubb

In other news, EVP Timothy Boroughs sold 13,596 shares of the company’s stock in a transaction on Monday, October 26th. The shares were sold at an average price of $356.77, for a total value of $4,850,644.92. Following the completion of the sale, the executive vice president owned 5,588 shares in the company, valued at $1,993,630.76. This represents a 70.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael Connors sold 5,500 shares of the stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director owned 12,803 shares of the company’s stock, valued at approximately $4,417,035. This trade represents a 30.05% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 32,985 shares of company stock worth $11,748,463. Corporate insiders own 0.37% of the company’s stock.

Key Chubb News

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Chubb’s partnership with Currys expands its embedded-insurance reach in the U.K., positioning it to capture demand for mobile-device protection through retail and digital channels. Can Chubb’s Currys Partnership Expand Embedded Insurance Growth?
• Positive Sentiment: Recent coverage highlighted Chubb as a momentum stock and noted that shares had reached a 52-week high. This may reinforce investor interest, although the articles do not identify a specific new company catalyst behind the run. What Makes Chubb (CB) a Strong Momentum Stock: Buy Now?
• Neutral Sentiment: An article on possible interest-rate hikes cited insurers among stocks that could benefit. Higher rates can improve investment income over time, but the outlook is conditional and not specific to Chubb. Rate Hikes Could Be Coming: History Likes These 4 Insurance Stocks
• Neutral Sentiment: Zacks Research made a mix of modest upward and downward earnings-estimate changes across coming quarters and fiscal years. The revisions offer no clear overall change in expectations. Chubb Limited analyst estimates
• Negative Sentiment: CEO Evan Greenberg sold 13,889 shares for about $5 million. Insider sales can weigh on sentiment, though he retained 277,274 shares after the transaction. Chubb CEO Sells 13,889 Shares

Chubb Price Performance

CB stock opened at $374.41 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a market cap of $143.06 billion, a price-to-earnings ratio of 13.10, a PEG ratio of 1.69 and a beta of 0.29. The company’s fifty day simple moving average is $344.94 and its 200 day simple moving average is $334.80. Chubb Limited has a 12-month low of $282.11 and a 12-month high of $374.60.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 20th. The financial services provider reported $7.66 EPS for the quarter, topping the consensus estimate of $6.77 by $0.89. The company had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same quarter last year, the firm posted $7.49 EPS. On average, analysts expect that Chubb Limited will post 28.89 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Investors of record on Friday, September 11th were given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Friday, September 11th. Chubb’s dividend payout ratio is presently 14.28%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CB. TD Cowen lifted their price target on shares of Chubb from $360.00 to $379.00 and gave the company a “hold” rating in a research report on Wednesday, October 28th. Citizens Jmp reaffirmed a “market outperform” rating and set a $400.00 price objective on shares of Chubb in a research report on Wednesday, July 22nd. Atlantic Securities set a $301.00 target price on shares of Chubb in a research report on Wednesday, July 15th. Weiss Ratings upgraded Chubb from a “buy (b)” rating to a “buy (a)” rating in a research note on Friday, October 16th. Finally, Evercore reiterated an “outperform” rating and issued a $374.00 target price on shares of Chubb in a research report on Friday, July 10th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $362.78.

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.