Daiwa Securities Group Inc. lifted its holdings in shares of Chubb Ltd (NYSE:CB) by 6.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,186 shares of the financial services provider’s stock after buying an additional 1,157 shares during the period. Daiwa Securities Group Inc.’s holdings in Chubb were worth $2,564,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in the company. State of Alaska Department of Revenue increased its position in shares of Chubb by 17.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 68,374 shares of the financial services provider’s stock valued at $8,683,000 after purchasing an additional 10,059 shares during the last quarter. Stokes Capital Advisors LLC increased its position in shares of Chubb by 7.3% during the 2nd quarter. Stokes Capital Advisors LLC now owns 17,888 shares of the financial services provider’s stock valued at $2,272,000 after purchasing an additional 1,218 shares during the last quarter. Atria Investments LLC increased its position in shares of Chubb by 9.9% during the 2nd quarter. Atria Investments LLC now owns 11,551 shares of the financial services provider’s stock valued at $1,467,000 after purchasing an additional 1,043 shares during the last quarter. Mcrae Capital Management Inc. increased its position in shares of Chubb by 8.5% during the 2nd quarter. Mcrae Capital Management Inc. now owns 5,744 shares of the financial services provider’s stock valued at $730,000 after purchasing an additional 450 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Chubb during the 2nd quarter valued at $231,000. Institutional investors and hedge funds own 85.89% of the company’s stock.
In other Chubb news, CEO Evan G. Greenberg sold 227,994 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total value of $31,985,278.26. Following the completion of the transaction, the chief executive officer now owns 1,583,326 shares in the company, valued at approximately $222,124,804.54. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Timothy Alan Boroughs sold 14,971 shares of the firm’s stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $139.37, for a total value of $2,086,508.27. Following the completion of the transaction, the insider now owns 202,794 shares of the company’s stock, valued at approximately $28,263,399.78. The disclosure for this sale can be found here. In the last three months, insiders sold 242,967 shares of company stock valued at $34,072,088. 0.44% of the stock is currently owned by insiders.
Shares of CB opened at $131.17 on Friday. Chubb Ltd has a fifty-two week low of $120.50 and a fifty-two week high of $157.50. The stock has a market capitalization of $60.68 billion, a P/E ratio of 12.42, a PEG ratio of 1.32 and a beta of 1.02. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24.
Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 23rd. The financial services provider reported $2.41 earnings per share for the quarter, topping the consensus estimate of $2.39 by $0.02. Chubb had a return on equity of 9.71% and a net margin of 15.37%. The company had revenue of $7.55 billion during the quarter, compared to analyst estimates of $7.63 billion. During the same quarter last year, the firm posted ($0.13) EPS. The firm’s revenue for the quarter was up 2.5% on a year-over-year basis. Sell-side analysts expect that Chubb Ltd will post 9.97 earnings per share for the current year.
Several brokerages recently weighed in on CB. Citigroup decreased their price objective on Chubb from $150.00 to $145.00 and set a “buy” rating for the company in a report on Thursday, October 25th. Zacks Investment Research lowered Chubb from a “hold” rating to a “sell” rating in a report on Wednesday, October 24th. Wells Fargo & Co reissued a “buy” rating and issued a $169.00 price objective on shares of Chubb in a report on Wednesday, October 10th. ValuEngine raised Chubb from a “sell” rating to a “hold” rating in a report on Tuesday, September 4th. Finally, Deutsche Bank lowered Chubb from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $135.00 to $126.00 in a report on Monday, August 13th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. Chubb presently has an average rating of “Hold” and an average price target of $158.56.
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Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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