Frank Rimerman Advisors LLC Purchases 713 Shares of Chubb Limited $CB

Frank Rimerman Advisors LLC lifted its position in Chubb Limited (NYSE:CB) by 16.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,936 shares of the financial services provider’s stock after acquiring an additional 713 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Chubb were worth $1,430,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GQG Partners LLC raised its holdings in shares of Chubb by 112.1% in the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares in the last quarter. Geode Capital Management LLC increased its holdings in Chubb by 0.3% during the second quarter. Geode Capital Management LLC now owns 8,810,780 shares of the financial services provider’s stock valued at $2,541,771,000 after buying an additional 30,721 shares during the period. Ameriprise Financial Inc. raised its stake in Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after buying an additional 304,751 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Chubb by 1.1% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,784,053 shares of the financial services provider’s stock worth $840,756,000 after buying an additional 30,334 shares during the period. Finally, Nuveen LLC purchased a new stake in Chubb during the first quarter worth $562,221,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

CB opened at $296.71 on Wednesday. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The company has a market cap of $116.77 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. The firm’s 50-day moving average price is $281.15 and its 200-day moving average price is $281.07.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company had revenue of $14.87 billion during the quarter, compared to analysts’ expectations of $12.95 billion. During the same period last year, the business earned $5.72 EPS. Chubb’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, EVP Joseph F. Wayland sold 5,830 shares of the company’s stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $296.45, for a total value of $4,854,368.75. Following the completion of the transaction, the insider owned 74,225 shares of the company’s stock, valued at $22,004,001.25. This trade represents a 18.07% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 45,903 shares of company stock worth $13,245,483 over the last three months. Corporate insiders own 0.77% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on CB shares. Morgan Stanley boosted their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Monday. Wolfe Research lifted their target price on Chubb from $320.00 to $336.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Piper Sandler reissued a “neutral” rating and set a $283.00 price target (down from $335.00) on shares of Chubb in a research report on Thursday, July 24th. Wells Fargo & Company lifted their price objective on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. Finally, Jefferies Financial Group boosted their price objective on shares of Chubb from $297.00 to $302.00 and gave the stock a “hold” rating in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus price target of $308.05.

Chubb Company 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.