Robertson Stephens Wealth Management LLC Purchases 2,233 Shares of Chubb Limited $CB

Robertson Stephens Wealth Management LLC boosted its position in Chubb Limited (NYSE:CB) by 203.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,330 shares of the financial services provider’s stock after acquiring an additional 2,233 shares during the period. Robertson Stephens Wealth Management LLC’s holdings in Chubb were worth $1,043,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Cedar Mountain Advisors LLC grew its holdings in Chubb by 155.6% in the 3rd quarter. Cedar Mountain Advisors LLC now owns 92 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 56 shares during the last quarter. Laurel Wealth Advisors LLC bought a new stake in Chubb in the 4th quarter worth $31,000. Ares Financial Consulting LLC bought a new stake in Chubb in the 4th quarter worth $32,000. KERR FINANCIAL PLANNING Corp bought a new stake in Chubb in the 3rd quarter worth $31,000. Finally, Cornerstone Planning Group LLC grew its holdings in Chubb by 81.5% in the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 53 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Olivier Steimer sold 2,000 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director owned 25,468 shares of the company’s stock, valued at $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the sale, the executive vice president directly owned 11,810 shares in the company, valued at $3,920,683.80. The trade was a 70.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 44,877 shares of company stock valued at $14,885,226 over the last quarter. Corporate insiders own 0.37% of the company’s stock.

Chubb Trading Up 0.1%

Shares of CB opened at $326.39 on Monday. The firm’s 50-day moving average price is $329.03 and its 200-day moving average price is $311.34. The firm has a market capitalization of $126.59 billion, a price-to-earnings ratio of 11.52, a PEG ratio of 1.67 and a beta of 0.43. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1-year low of $264.10 and a 1-year high of $345.67.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The firm had revenue of $14.93 billion for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. Sell-side analysts anticipate that Chubb Limited will post 26.74 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were paid a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s payout ratio is presently 13.70%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research note on Monday, March 23rd. Wells Fargo & Company lifted their target price on shares of Chubb from $321.00 to $333.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Finally, Weiss Ratings raised shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research note on Monday, April 27th. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $349.33.

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.