Chubb Limited (NYSE:CB) Stock Holdings Increased by Toronto Dominion Bank

Toronto Dominion Bank increased its holdings in Chubb Limited (NYSE:CB) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,799 shares of the financial services provider’s stock after purchasing an additional 3,167 shares during the quarter. Toronto Dominion Bank’s holdings in Chubb were worth $61,103,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in CB. Alphinity Investment Management Pty Ltd raised its holdings in shares of Chubb by 155.8% during the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after acquiring an additional 324,019 shares during the period. ING Groep NV raised its holdings in shares of Chubb by 175,378.1% during the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock valued at $25,381,000 after acquiring an additional 112,242 shares during the period. Graypoint LLC raised its holdings in shares of Chubb by 1,275.7% during the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock valued at $7,141,000 after acquiring an additional 29,302 shares during the period. Bison Wealth LLC acquired a new stake in shares of Chubb during the fourth quarter valued at approximately $263,000. Finally, Van Leeuwen & Company LLC raised its holdings in shares of Chubb by 602.7% during the fourth quarter. Van Leeuwen & Company LLC now owns 7,941 shares of the financial services provider’s stock valued at $1,795,000 after acquiring an additional 6,811 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

Chubb stock traded up $8.67 during mid-day trading on Friday, reaching $270.28. The company had a trading volume of 1,653,070 shares, compared to its average volume of 1,651,234. The company has a 50 day moving average of $262.03 and a 200-day moving average of $253.42. The firm has a market cap of $109.75 billion, a price-to-earnings ratio of 12.00, a PEG ratio of 6.08 and a beta of 0.66. Chubb Limited has a 52 week low of $198.10 and a 52 week high of $275.41. The company has a quick ratio of 0.29, a current ratio of 0.36 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 EPS for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The company had revenue of $13.36 billion during the quarter, compared to the consensus estimate of $13.04 billion. During the same period last year, the firm earned $4.92 EPS. The firm’s revenue for the quarter was up 11.8% compared to the same quarter last year. On average, sell-side analysts expect that Chubb Limited will post 20.97 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were issued a dividend of $0.91 per share. This is an increase from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, June 14th. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Analyst Ratings Changes

CB has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $266.00 to $286.00 and gave the company a “neutral” rating in a report on Thursday, July 11th. William Blair downgraded shares of Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. HSBC reaffirmed a “hold” rating and set a $270.00 price objective (down from $275.00) on shares of Chubb in a research report on Thursday, April 4th. Keefe, Bruyette & Woods lowered their price objective on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Finally, Bank of America boosted their target price on shares of Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $270.05.

Insider Activity at Chubb

In related news, COO John W. Keogh sold 34,707 shares of Chubb stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total transaction of $8,745,469.86. Following the completion of the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at approximately $71,596,589.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Chubb news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now owns 284,136 shares in the company, valued at approximately $71,596,589.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Annmarie T. Hagan sold 1,529 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $263.81, for a total transaction of $403,365.49. Following the completion of the sale, the chief accounting officer now owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. Insiders sold 47,552 shares of company stock valued at $12,149,985 in the last ninety days. 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.