Rowlandmiller & PARTNERS.ADV Sells 138 Shares of Chubb Limited (NYSE:CB)

25 Oct 2024, 12:04 by Jessica Moore · The Cerbat Gem

Rowlandmiller & PARTNERS.ADV trimmed its stake in shares of Chubb Limited (NYSE:CB – Free Report) by 0.4% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 37,098 shares of the financial services provider’s stock after selling 138 shares during the quarter. Chubb comprises about 2.2% of Rowlandmiller & PARTNERS.ADV’s portfolio, making the stock its 13th biggest holding. Rowlandmiller & PARTNERS.ADV’s holdings in Chubb were worth $10,699,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. ORG Partners LLC acquired a new position in Chubb in the 2nd quarter worth about $963,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Chubb by 16.7% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 75,050 shares of the financial services provider’s stock worth $19,448,000 after purchasing an additional 10,745 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Chubb in the 1st quarter worth about $984,000. Leuthold Group LLC acquired a new position in Chubb in the 1st quarter worth about $3,033,000. Finally, Private Advisor Group LLC increased its holdings in Chubb by 21.2% in the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after purchasing an additional 2,250 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CB has been the subject of several recent research reports. Barclays initiated coverage on Chubb in a research note on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target for the company. JMP Securities reissued a “market outperform” rating and issued a $300.00 price target on shares of Chubb in a research note on Tuesday, October 15th. Roth Mkm raised their target price on Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a research note on Friday, June 28th. Finally, Royal Bank of Canada raised their target price on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $282.37.

Read Our Latest Analysis on Chubb

Chubb Stock Performance

NYSE:CB opened at $293.95 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The business has a fifty day simple moving average of $286.43 and a two-hundred day simple moving average of $268.90. Chubb Limited has a 1 year low of $207.46 and a 1 year high of $302.05. The company has a market capitalization of $119.36 billion, a P/E ratio of 13.05, a P/E/G ratio of 5.87 and a beta of 0.66.

Chubb (NYSE:CB – Get Free Report) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The firm’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the business earned $4.92 earnings per share. On average, analysts expect that Chubb Limited will post 21.32 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.24%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 16.16%.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Juan Luis Ortega sold 3,921 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the transaction, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at $12,187,213.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock worth $24,874,208 over the last ninety days. 0.86% of the stock is owned by corporate insiders.

About Chubb

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