Frank Rimerman Advisors LLC Acquires 4,046 Shares of Chubb Limited (NYSE:CB)

Frank Rimerman Advisors LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 11,560.0% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,081 shares of the financial services provider’s stock after acquiring an additional 4,046 shares during the period. Frank Rimerman Advisors LLC’s holdings in Chubb were worth $1,041,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bard Financial Services Inc. increased its holdings in Chubb by 3.7% during the 1st quarter. Bard Financial Services Inc. now owns 1,130 shares of the financial services provider’s stock worth $293,000 after purchasing an additional 40 shares during the period. Parkside Financial Bank & Trust increased its holdings in Chubb by 0.5% during the 2nd quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider’s stock worth $1,917,000 after purchasing an additional 40 shares during the period. Steigerwald Gordon & Koch Inc. increased its holdings in Chubb by 1.9% during the 2nd quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider’s stock worth $543,000 after purchasing an additional 40 shares during the period. Equitable Trust Co. increased its holdings in Chubb by 1.4% during the 1st quarter. Equitable Trust Co. now owns 2,986 shares of the financial services provider’s stock worth $774,000 after purchasing an additional 41 shares during the period. Finally, Quotient Wealth Partners LLC increased its holdings in Chubb by 4.1% during the 2nd quarter. Quotient Wealth Partners LLC now owns 1,051 shares of the financial services provider’s stock worth $268,000 after purchasing an additional 41 shares during the period. 83.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on CB shares. JPMorgan Chase & Co. raised their price objective on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. JMP Securities lifted their price target on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a report on Wednesday, July 24th. William Blair downgraded Chubb from a “market perform” rating to an “underperform” rating in a report on Friday, June 28th. Barclays began coverage on Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 price target on the stock. Finally, Bank of America lifted their price target on Chubb from $257.00 to $264.00 and gave the company a “neutral” rating in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $274.70.

Insider Activity

In other news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the completion of the transaction, the chief executive officer now directly owns 553,664 shares of the company’s stock, valued at approximately $160,341,094.40. The disclosure for this sale can be found here. Insiders sold a total of 86,636 shares of company stock valued at $24,874,208 in the last quarter. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of CB opened at $290.66 on Monday. The stock has a 50-day moving average of $275.87 and a two-hundred day moving average of $263.45. Chubb Limited has a one year low of $204.15 and a one year high of $294.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The stock has a market cap of $118.03 billion, a P/E ratio of 12.90, a P/E/G ratio of 5.59 and a beta of 0.66.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The company had revenue of $13.36 billion during the quarter, compared to analysts’ expectations of $13.04 billion. During the same quarter in the previous year, the firm posted $4.92 EPS. The firm’s revenue was up 11.8% compared to the same quarter last year. As a group, research analysts predict that Chubb Limited will post 21.2 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.25%. Chubb’s dividend payout ratio is currently 16.16%.

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.