Axa S.A. Has $25.44 Million Stock Holdings in Chubb Limited $CB

Axa S.A. grew its holdings in shares of Chubb Limited (NYSE:CB) by 47.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 87,794 shares of the financial services provider’s stock after acquiring an additional 28,150 shares during the period. Axa S.A.’s holdings in Chubb were worth $25,436,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. E Fund Management Co. Ltd. raised its stake in Chubb by 3.9% during the first quarter. E Fund Management Co. Ltd. now owns 964 shares of the financial services provider’s stock worth $291,000 after buying an additional 36 shares during the last quarter. Rise Advisors LLC grew its stake in shares of Chubb by 4.6% in the 1st quarter. Rise Advisors LLC now owns 841 shares of the financial services provider’s stock worth $254,000 after acquiring an additional 37 shares in the last quarter. Sky Investment Group LLC grew its holdings in shares of Chubb by 1.6% in the second quarter. Sky Investment Group LLC now owns 2,397 shares of the financial services provider’s stock valued at $694,000 after acquiring an additional 38 shares in the last quarter. Evermay Wealth Management LLC increased its holdings in Chubb by 2.3% during the second quarter. Evermay Wealth Management LLC now owns 1,684 shares of the financial services provider’s stock worth $489,000 after buying an additional 38 shares during the last quarter. Finally, JT Stratford LLC increased its stake in shares of Chubb by 3.5% during the 2nd quarter. JT Stratford LLC now owns 1,127 shares of the financial services provider’s stock worth $327,000 after purchasing an additional 38 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the business’s stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president directly owned 60,593 shares of the company’s stock, valued at approximately $18,000,968.44. The trade was a 8.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 850 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $295.19, for a total transaction of $250,911.50. Following the completion of the transaction, the executive vice president owned 1,585 shares of the company’s stock, valued at $467,876.15. This trade represents a 34.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 57,333 shares of company stock worth $16,629,873 over the last quarter. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on CB shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $309.00 price objective on shares of Chubb in a report on Monday, October 27th. Citigroup boosted their target price on shares of Chubb from $331.00 to $335.00 and gave the company a “buy” rating in a report on Tuesday, December 2nd. Bank of America raised their price target on Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a report on Monday, October 13th. Barclays increased their price objective on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on Chubb from $303.00 to $304.00 and gave the company a “hold” rating in a report on Monday, November 24th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $308.32.

Chubb Stock Performance

NYSE:CB opened at $295.62 on Thursday. The firm has a market cap of $116.34 billion, a PE ratio of 12.34, a price-to-earnings-growth ratio of 3.44 and a beta of 0.51. The business has a 50 day moving average price of $287.29 and a 200-day moving average price of $281.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.27 and a current ratio of 0.27. Chubb Limited has a fifty-two week low of $252.16 and a fifty-two week high of $306.91.

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

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Friday, December 12th will be paid a $0.97 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $3.88 dividend on an annualized basis and a yield of 1.3%. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

Chubb 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.