Commonwealth Equity Services LLC Has $23.63 Million Stock Position in Chubb Limited $CB

Commonwealth Equity Services LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 83,713 shares of the financial services provider’s stock after buying an additional 3,767 shares during the period. Commonwealth Equity Services LLC’s holdings in Chubb were worth $23,628,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Norges Bank acquired a new position in shares of Chubb in the 2nd quarter valued at $1,195,137,000. Bank of America Corp DE increased its holdings in Chubb by 11.6% in the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after purchasing an additional 513,852 shares during the last quarter. London Co. of Virginia lifted its stake in Chubb by 211.0% in the second quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock valued at $213,559,000 after buying an additional 500,116 shares during the period. Altrinsic Global Advisors LLC boosted its holdings in Chubb by 46.9% during the second quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock worth $403,535,000 after buying an additional 444,557 shares during the last quarter. Finally, Troy Asset Management Ltd boosted its holdings in Chubb by 89.1% during the second quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock worth $229,872,000 after buying an additional 373,872 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CB has been the subject of a number of analyst reports. Cantor Fitzgerald restated a “neutral” rating on shares of Chubb in a report on Wednesday, December 10th. Mizuho assumed coverage on shares of Chubb in a report on Monday, December 15th. They issued a “neutral” rating and a $318.00 price target for the company. Barclays upped their price objective on shares of Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research report on Thursday. Wolfe Research lifted their target price on Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a report on Thursday, December 11th. Finally, Morgan Stanley set a $310.00 price target on Chubb in a report on Tuesday, December 16th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $318.00.

Chubb Stock Performance

Shares of NYSE CB opened at $312.92 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. The stock has a 50 day moving average price of $300.79 and a 200 day moving average price of $285.23. The stock has a market capitalization of $123.15 billion, a PE ratio of 13.06, a price-to-earnings-growth ratio of 3.21 and a beta of 0.51. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $316.94.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The company had revenue of $16.15 billion during the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The company’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter last year, the firm posted $5.72 EPS. Analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s payout ratio is 16.19%.

Insider Buying and Selling at Chubb

In other news, insider John J. Lupica sold 23,698 shares of the stock in a transaction dated Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the transaction, the insider directly owned 90,600 shares of the company’s stock, valued at $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the firm’s stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the sale, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,333 shares of company stock worth $16,629,873 over the last ninety days. Insiders own 0.77% of the company’s stock.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.