Chubb Limited (NYSE:CB) Stock Position Boosted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its stake in Chubb Limited (NYSE:CB) by 6.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,558 shares of the financial services provider’s stock after buying an additional 3,027 shares during the period. Daiwa Securities Group Inc.’s holdings in Chubb were worth $14,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Beacon Capital Management LLC grew its position in Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares in the last quarter. Pathway Financial Advisers LLC bought a new position in shares of Chubb during the 1st quarter valued at about $25,000. Kozak & Associates Inc. bought a new position in shares of Chubb during the 3rd quarter valued at about $29,000. Chilton Capital Management LLC bought a new position in shares of Chubb during the 2nd quarter valued at about $26,000. Finally, Kimelman & Baird LLC bought a new position in shares of Chubb during the 2nd quarter valued at about $32,000. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In other Chubb news, insider John J. Lupica sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now owns 103,950 shares in the company, valued at $29,676,685.50. This trade represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. This trade represents a 5.19 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 82,715 shares of company stock worth $23,803,540. Insiders own 0.86% of the company’s stock.

Chubb Price Performance

NYSE CB opened at $285.21 on Monday. The company has a 50 day simple moving average of $287.46 and a 200-day simple moving average of $274.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $114.97 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth 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.

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

Chubb Dividend Announcement

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

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group raised their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Wells Fargo & Company raised their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. JMP Securities raised their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley raised their price objective 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. Finally, Barclays initiated coverage on shares of Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $287.37.

About Chubb

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.