D.A. Davidson & CO. Buys 21,095 Shares of Chubb Limited $CB

D.A. Davidson & CO. raised its stake in shares of Chubb Limited (NYSE:CB) by 6.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 357,044 shares of the financial services provider’s stock after acquiring an additional 21,095 shares during the quarter. D.A. Davidson & CO. owned approximately 0.09% of Chubb worth $100,776,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Chubb during the 2nd quarter valued at about $1,195,137,000. Bank of America Corp DE increased its holdings in shares of Chubb by 11.6% during the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after buying an additional 513,852 shares in the last quarter. London Co. of Virginia raised its stake in shares of 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 acquiring an additional 500,116 shares during the last quarter. Altrinsic Global Advisors LLC boosted its holdings in shares of Chubb by 46.9% in the 2nd quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock worth $403,535,000 after acquiring an additional 444,557 shares in the last quarter. Finally, Troy Asset Management Ltd grew its position in Chubb by 89.1% during the 2nd quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock worth $229,872,000 after acquiring an additional 373,872 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CB. Wolfe Research boosted their price objective on Chubb from $336.00 to $364.00 and gave the stock an “outperform” rating in a research note on Thursday, December 11th. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Chubb in a report on Wednesday, December 10th. Barclays increased their price objective on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Mizuho started coverage on shares of Chubb in a research report on Monday, December 15th. They issued a “neutral” rating and a $318.00 price objective for the company. Finally, Wells Fargo & Company upped their target price on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and an average price target of $311.90.

Chubb Stock Performance

Shares of NYSE:CB opened at $310.08 on Monday. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $315.08. The stock has a market capitalization of $122.03 billion, a P/E ratio of 12.94, a P/E/G ratio of 3.25 and a beta of 0.51. The business has a 50-day moving average price of $298.16 and a two-hundred day moving average price of $284.47.

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

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were issued a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend was Friday, December 12th. Chubb’s payout ratio is currently 16.19%.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. This represents a 8.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Timothy Alan Boroughs sold 850 shares of the firm’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $295.19, for a total value of $250,911.50. Following the completion of the transaction, the executive vice president owned 1,585 shares in the company, valued at $467,876.15. This represents a 34.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 57,333 shares of company stock worth $16,629,873. Insiders own 0.86% of the company’s stock.

Chubb 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.