Chubb Ltd (CB) Stake Increased by Davis R M Inc.

Davis R M Inc. lifted its position in shares of Chubb Ltd (NYSE:CB) by 2.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,532 shares of the financial services provider’s stock after acquiring an additional 4,898 shares during the period. Davis R M Inc. owned approximately 0.05% of Chubb worth $32,947,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of CB. Massachusetts Financial Services Co. MA increased its position in Chubb by 3.7% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 13,848,022 shares of the financial services provider’s stock worth $1,758,976,000 after purchasing an additional 488,028 shares in the last quarter. Bank of America Corp DE increased its position in Chubb by 1.8% in the 2nd quarter. Bank of America Corp DE now owns 10,153,074 shares of the financial services provider’s stock valued at $1,289,643,000 after acquiring an additional 175,841 shares during the period. American Century Companies Inc. increased its position in Chubb by 12.3% in the 2nd quarter. American Century Companies Inc. now owns 4,610,946 shares of the financial services provider’s stock valued at $585,682,000 after acquiring an additional 504,768 shares during the period. Bessemer Group Inc. increased its position in Chubb by 0.6% in the 2nd quarter. Bessemer Group Inc. now owns 1,850,787 shares of the financial services provider’s stock valued at $235,088,000 after acquiring an additional 11,604 shares during the period. Finally, Swiss National Bank increased its position in Chubb by 2.7% in the 2nd quarter. Swiss National Bank now owns 1,742,420 shares of the financial services provider’s stock valued at $221,322,000 after acquiring an additional 45,900 shares during the period. 85.75% of the stock is owned by institutional investors.

Several brokerages have issued reports on CB. Zacks Investment Research upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research report on Tuesday. Citigroup decreased their price target on shares of Chubb from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 12th. Wells Fargo & Co restated a “buy” rating and issued a $169.00 price target on shares of Chubb in a research report on Wednesday, October 10th. ValuEngine upgraded shares of Chubb from a “sell” rating to a “hold” rating in a research report on Tuesday, September 4th. Finally, Deutsche Bank cut shares of Chubb from a “hold” rating to a “sell” rating and decreased their price target for the company from $135.00 to $126.00 in a research report on Monday, August 13th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $159.45.

In other news, insider Timothy Alan Boroughs sold 14,971 shares of the stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $139.37, for a total transaction of $2,086,508.27. Following the completion of the sale, the insider now directly owns 202,794 shares in the company, valued at $28,263,399.78. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 227,994 shares of the stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total transaction of $31,985,278.26. Following the sale, the chief executive officer now owns 1,583,326 shares of the company’s stock, valued at $222,124,804.54. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 243,093 shares of company stock valued at $34,089,733. 0.44% of the stock is currently owned by corporate insiders.

CB opened at $127.13 on Thursday. Chubb Ltd has a twelve month low of $123.23 and a twelve month high of $157.50. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.24. The firm has a market cap of $61.91 billion, a PE ratio of 15.83, a PEG ratio of 1.28 and a beta of 1.01.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 24th. The financial services provider reported $2.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.62 by $0.06. Chubb had a net margin of 11.53% and a return on equity of 7.41%. The company had revenue of $7.45 billion during the quarter, compared to analysts’ expectations of $7.30 billion. During the same period in the prior year, the company posted $2.50 earnings per share. Chubb’s revenue for the quarter was up 5.6% compared to the same quarter last year. As a group, research analysts anticipate that Chubb Ltd will post 10.41 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 12th. Stockholders of record on Friday, September 21st were given a dividend of $0.73 per share. This represents a $2.92 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend was Thursday, September 20th. Chubb’s dividend payout ratio (DPR) is presently 36.36%.

About Chubb

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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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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