6,370 Chubb Limited $CB Shares Bought by GRIMES & Co WEALTH MANAGEMENT LLC

GRIMES & Co WEALTH MANAGEMENT LLC boosted its holdings in Chubb Limited (NYSE:CB) by 278.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 8,660 shares of the financial services provider’s stock after purchasing an additional 6,370 shares during the quarter. GRIMES & Co WEALTH MANAGEMENT LLC’s holdings in Chubb were worth $2,817,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. IMG Wealth Management Inc. bought a new stake in shares of Chubb during the second quarter valued at approximately $25,000. Dunhill Financial LLC bought a new position in shares of Chubb during the second quarter worth $25,000. Parvin Asset Management LLC bought a new position in shares of Chubb during the second quarter worth $26,000. Highland Investment Advisors LLC purchased a new position in Chubb during the second quarter valued at $26,000. Finally, Frazier Financial Advisors LLC grew its stake in Chubb by 86.4% during the first quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider’s stock valued at $27,000 after acquiring an additional 38 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CB shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $354.00 price target on shares of Chubb in a report on Wednesday, July 22nd. Cantor Fitzgerald restated a “neutral” rating and set a $333.00 price objective on shares of Chubb in a research report on Wednesday, October 21st. Keefe, Bruyette & Woods reduced their target price on Chubb from $389.00 to $387.00 and set an “outperform” rating on the stock in a report on Monday, October 12th. UBS Group reiterated a “neutral” rating and issued a $380.00 target price on shares of Chubb in a research report on Monday, October 26th. Finally, Citizens Jmp reissued a “market outperform” rating and set a $400.00 price target on shares of Chubb in a research note on Wednesday, July 22nd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $362.78.

Insider Buying and Selling

In related news, CEO Evan G. Greenberg sold 13,889 shares of Chubb stock in a transaction dated Thursday, October 29th. The stock was sold at an average price of $360.02, for a total value of $5,000,317.78. Following the completion of the transaction, the chief executive officer owned 277,274 shares in the company, valued at approximately $99,824,185.48. This trade represents a 4.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Boroughs sold 13,596 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president owned 5,588 shares in the company, valued at approximately $1,993,630.76. This trade represents a 70.87% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 32,985 shares of company stock worth $11,748,463. Corporate insiders own 0.37% of the company’s stock.

Chubb Trading Down 0.6%

Shares of CB opened at $366.59 on Wednesday. The stock has a market capitalization of $140.07 billion, a PE ratio of 12.61, a P/E/G ratio of 1.71 and a beta of 0.29. The company’s fifty day moving average is $344.31 and its 200 day moving average is $334.43. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a fifty-two week low of $279.98 and a fifty-two week high of $370.29.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share for the quarter, topping analysts’ consensus estimates of $6.77 by $0.89. Chubb had a net margin of 18.15% and a return on equity of 14.41%. The firm had revenue of $16.20 billion for the quarter, compared to the consensus estimate of $15.66 billion. During the same period in the previous year, the firm posted $7.49 EPS. Sell-side analysts expect that Chubb Limited will post 28.82 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

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.