Tiaa Fsb Acquires New Position in Chubb Ltd (NYSE:CB)

Tiaa Fsb acquired a new stake in Chubb Ltd (NYSE:CB) during the third quarter, according to its most recent 13F filing with the SEC. The fund acquired 42,487 shares of the financial services provider’s stock, valued at approximately $6,859,000.

A number of other institutional investors have also recently made changes to their positions in CB. Mitchell Mcleod Pugh & Williams Inc. grew its holdings in Chubb by 3.2% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,306 shares of the financial services provider’s stock valued at $534,000 after buying an additional 103 shares in the last quarter. Northstar Investment Advisors LLC grew its holdings in Chubb by 1.8% during the 3rd quarter. Northstar Investment Advisors LLC now owns 58,730 shares of the financial services provider’s stock valued at $9,178,000 after buying an additional 1,028 shares in the last quarter. Berkshire Asset Management LLC PA grew its holdings in shares of Chubb by 2.7% during the third quarter. Berkshire Asset Management LLC PA now owns 117,132 shares of the financial services provider’s stock worth $18,910,000 after purchasing an additional 3,077 shares in the last quarter. PhiloSmith Capital Corp purchased a new position in shares of Chubb during the third quarter worth about $12,228,000. Finally, Lederer & Associates Investment Counsel CA purchased a new position in shares of Chubb during the third quarter worth about $1,864,000. Institutional investors and hedge funds own 89.44% of the company’s stock.

NYSE:CB traded up $0.82 during mid-day trading on Wednesday, reaching $156.30. The stock had a trading volume of 6,796 shares, compared to its average volume of 1,506,571. The firm has a 50 day moving average price of $158.24 and a two-hundred day moving average price of $149.36. The stock has a market capitalization of $73.86 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.56 and a beta of 0.70. Chubb Ltd has a one year low of $119.54 and a one year high of $162.44. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 0.32.

Chubb (NYSE:CB) last released its earnings results on Tuesday, July 23rd. The financial services provider reported $2.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.58 by $0.02. The company had revenue of $7.76 billion during the quarter, compared to the consensus estimate of $7.65 billion. Chubb had a return on equity of 8.53% and a net margin of 11.00%. Chubb’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.68 EPS. Research analysts forecast that Chubb Ltd will post 10.4 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 11th. Investors of record on Friday, September 20th will be given a $0.75 dividend. The ex-dividend date is Thursday, September 19th. This represents a $3.00 dividend on an annualized basis and a yield of 1.92%. Chubb’s payout ratio is 31.78%.

In related news, EVP Joseph F. Wayland sold 6,500 shares of the business’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of $158.05, for a total value of $1,027,325.00. Following the completion of the sale, the executive vice president now owns 77,201 shares in the company, valued at approximately $12,201,618.05. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul J. Krump sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The stock was sold at an average price of $155.00, for a total value of $775,000.00. Following the completion of the sale, the insider now owns 118,865 shares of the company’s stock, valued at approximately $18,424,075. The disclosure for this sale can be found here. Insiders sold a total of 25,625 shares of company stock valued at $4,037,880 in the last 90 days. 0.47% of the stock is currently owned by corporate insiders.

Several research analysts have recently commented on the company. UBS Group boosted their price objective on Chubb from $156.00 to $157.00 and gave the stock a “neutral” rating in a report on Monday, July 29th. Morgan Stanley boosted their price objective on Chubb from $154.00 to $163.00 and gave the stock an “equal weight” rating in a report on Thursday, August 15th. Barclays set a $185.00 price objective on Chubb and gave the stock a “buy” rating in a report on Monday, August 12th. ValuEngine lowered Chubb from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, JMP Securities reissued an “outperform” rating on shares of Chubb in a report on Thursday, July 25th. Three research analysts have rated the stock with a sell rating, six have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Chubb presently has an average rating of “Hold” and an average price target of $153.91.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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