Bank of Hawaii Boosts Stock Position in Chubb Limited (NYSE:CB)

Bank of Hawaii raised its holdings in Chubb Limited (NYSE:CB) by 2.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,743 shares of the financial services provider’s stock after buying an additional 75 shares during the period. Bank of Hawaii’s holdings in Chubb were worth $1,079,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Daiwa Securities Group Inc. increased its holdings in shares of Chubb by 6.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 48,558 shares of the financial services provider’s stock valued at $14,004,000 after acquiring an additional 3,027 shares during the last quarter. Pekin Hardy Strauss Inc. boosted its holdings in Chubb by 3.1% in the third quarter. Pekin Hardy Strauss Inc. now owns 4,982 shares of the financial services provider’s stock valued at $1,437,000 after purchasing an additional 151 shares in the last quarter. Summit Trail Advisors LLC increased its stake in Chubb by 35.3% in the third quarter. Summit Trail Advisors LLC now owns 6,326 shares of the financial services provider’s stock valued at $1,830,000 after purchasing an additional 1,649 shares during the last quarter. Wealth Dimensions Group Ltd. purchased a new position in Chubb in the third quarter valued at approximately $225,000. Finally, Larson Financial Group LLC lifted its position in shares of Chubb by 146.7% during the 3rd quarter. Larson Financial Group LLC now owns 565 shares of the financial services provider’s stock worth $163,000 after buying an additional 336 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently commented on CB. Morgan Stanley increased their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JMP Securities boosted their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Bank of America raised their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $287.37.

Chubb Trading Up 0.0 %

NYSE CB opened at $285.21 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $114.97 billion, a P/E ratio of 11.68, a P/E/G ratio of 6.65 and a beta of 0.67. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05. The firm has a 50-day moving average price of $287.46 and a 200 day moving average price of $274.58.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the prior year, the business posted $4.95 EPS. Equities research analysts expect that Chubb Limited will post 21.77 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Insiders Place Their Bets

In other Chubb news, Director Michael G. Atieh sold 261 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total value of $75,034.89. Following the completion of the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at approximately $11,261,558.28. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider John J. Lupica sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total value of $4,282,350.00. Following the sale, the insider now directly owns 103,950 shares in the company, valued at $29,676,685.50. This trade represents a 12.61 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 82,715 shares of company stock worth $23,803,540. Corporate insiders own 0.86% of the company’s stock.

Chubb Company Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.