Davis R M Inc. Raises Holdings in Chubb Limited $CB

Davis R M Inc. lifted its position in shares of Chubb Limited (NYSE:CB) by 0.8% during the third quarter, Holdings Channel.com reports. The institutional investor owned 249,484 shares of the financial services provider’s stock after acquiring an additional 1,859 shares during the quarter. Chubb makes up approximately 1.2% of Davis R M Inc.’s portfolio, making the stock its 19th biggest position. Davis R M Inc.’s holdings in Chubb were worth $70,417,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Mitchell & Pahl Private Wealth LLC increased its position in Chubb by 0.5% during the 3rd quarter. Mitchell & Pahl Private Wealth LLC now owns 7,381 shares of the financial services provider’s stock valued at $2,083,000 after purchasing an additional 35 shares during the period. Golden State Wealth Management LLC lifted its position in shares of Chubb by 7.4% in the 3rd quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider’s stock worth $148,000 after purchasing an additional 36 shares during the period. Covestor Ltd boosted its stake in shares of Chubb by 26.1% during the third quarter. Covestor Ltd now owns 179 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 37 shares in the last quarter. CENTRAL TRUST Co boosted its stake in shares of Chubb by 1.0% during the third quarter. CENTRAL TRUST Co now owns 3,573 shares of the financial services provider’s stock valued at $1,008,000 after purchasing an additional 37 shares in the last quarter. Finally, JT Stratford LLC increased its holdings in Chubb by 3.5% during the second quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock valued at $327,000 after buying an additional 38 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 15,060 shares of the company’s stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the transaction, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. This represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $331.98, for a total value of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares of the company’s stock, valued at $3,920,683.80. This trade represents a 70.20% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is owned by insiders.

Chubb Price Performance

Shares of NYSE CB opened at $340.29 on Monday. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $342.69. The company has a market cap of $133.92 billion, a PE ratio of 13.23, a P/E/G ratio of 2.17 and a beta of 0.49. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.24. The business has a 50-day simple moving average of $315.97 and a two-hundred day simple moving average of $295.86.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating the consensus estimate of $6.33 by $1.19. The firm had revenue of $2.08 billion during the quarter, compared to analyst estimates of $11.11 billion. Chubb had a net margin of 17.36% and a return on equity of 13.15%. Chubb’s revenue was up 8.9% on a year-over-year basis. During the same period last year, the firm posted $6.02 EPS. As a group, equities analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, March 13th. Chubb’s payout ratio is presently 15.08%.

Analysts Set New Price Targets

CB has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their target price on Chubb from $327.00 to $330.00 and gave the stock a “neutral” rating in a report on Wednesday, February 4th. Deutsche Bank Aktiengesellschaft upped their price objective on Chubb from $303.00 to $304.00 and gave the stock a “hold” rating in a research note on Monday, November 24th. Wolfe Research lifted their target price on Chubb from $364.00 to $372.00 and gave the company an “outperform” rating in a research note on Thursday, February 5th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $355.00 to $373.00 and gave the stock an “outperform” rating in a report on Friday, February 6th. Finally, HSBC raised their price target on shares of Chubb from $354.00 to $357.00 and gave the company a “buy” rating in a report on Thursday, February 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $340.81.

Chubb Company Profile

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.