Chubb Limited (NYSE:CB) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank lessened its holdings in Chubb Limited (NYSE:CB) by 15.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 200,284 shares of the financial services provider’s stock after selling 35,515 shares during the period. Toronto Dominion Bank’s holdings in Chubb were worth $51,088,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in CB. Pathway Financial Advisers LLC purchased a new position in Chubb in the 1st quarter worth approximately $25,000. Beacon Capital Management LLC lifted its position in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Chilton Capital Management LLC purchased a new position in shares of Chubb in the second quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb during the 2nd quarter valued at $28,000. Finally, Ables Iannone Moore & Associates Inc. purchased a new stake in Chubb during the 4th quarter worth $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CB. JMP Securities raised their target price on Chubb from $280.00 to $300.00 and gave the company a “market outperform” rating in a research note on Wednesday, July 24th. Keefe, Bruyette & Woods increased their price target on Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Bank of America lifted their price objective on Chubb from $257.00 to $264.00 and gave the stock a “neutral” rating in a report on Wednesday, July 24th. Roth Mkm increased their target price on Chubb from $280.00 to $300.00 and gave the company a “buy” rating in a research note on Wednesday, July 24th. Finally, JPMorgan Chase & Co. raised their price target on shares of Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $274.70.

Chubb Price Performance

CB opened at $290.34 on Thursday. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $277.07 and its 200 day moving average price is $264.04. Chubb Limited has a fifty-two week low of $204.15 and a fifty-two week high of $294.18. The firm has a market cap of $117.90 billion, a price-to-earnings ratio of 12.89, a price-to-earnings-growth ratio of 5.74 and a beta of 0.66.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, topping analysts’ consensus estimates of $5.04 by $0.34. The business had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business’s quarterly revenue was up 11.8% on a year-over-year basis. During the same period in the prior year, the firm earned $4.92 EPS. As a group, sell-side analysts expect that Chubb Limited will post 21.21 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 13th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. The ex-dividend date is Friday, September 13th. Chubb’s dividend payout ratio (DPR) is 16.16%.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 30,318 shares of Chubb stock in a transaction dated 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 sale, the chief executive officer now directly owns 553,664 shares in the company, valued at approximately $160,341,094.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Chubb news, EVP Juan Luis Ortega sold 3,921 shares of Chubb stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’s stock in a transaction 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 directly owns 553,664 shares in the company, valued at $160,341,094.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,636 shares of company stock worth $24,874,208. 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.