Chubb Limited $CB Shares Sold by Nomura Holdings Inc.

Nomura Holdings Inc. lowered its holdings in Chubb Limited (NYSE:CB) by 43.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,149 shares of the financial services provider’s stock after selling 9,313 shares during the quarter. Nomura Holdings Inc.’s holdings in Chubb were worth $3,520,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Modern Wealth Management LLC increased its holdings in Chubb by 6.2% in the first quarter. Modern Wealth Management LLC now owns 2,464 shares of the financial services provider’s stock valued at $744,000 after buying an additional 143 shares in the last quarter. Assetmark Inc. grew its position in shares of Chubb by 14.1% during the 2nd quarter. Assetmark Inc. now owns 71,294 shares of the financial services provider’s stock valued at $20,655,000 after acquiring an additional 8,828 shares during the period. Trifecta Capital Advisors LLC grew its position in shares of Chubb by 764.7% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 147 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 130 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of Chubb by 28.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 57,794 shares of the financial services provider’s stock valued at $16,750,000 after purchasing an additional 12,784 shares in the last quarter. Finally, Jump Financial LLC raised its holdings in Chubb by 633.6% in the 1st quarter. Jump Financial LLC now owns 8,180 shares of the financial services provider’s stock worth $2,470,000 after purchasing an additional 7,065 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the company. Mizuho set a $318.00 price objective on Chubb in a report on Monday. HSBC lifted their price target on shares of Chubb from $302.00 to $304.00 in a research note on Wednesday, October 29th. Bank of America upped their price objective on shares of Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research report on Monday, October 13th. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research report on Thursday, October 23rd. Finally, JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $310.20.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 16,375 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $296.45, for a total transaction of $4,854,368.75. Following the completion of the sale, the insider directly owned 74,225 shares in the company, valued at approximately $22,004,001.25. This trade represents a 18.07% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total value of $1,731,976.40. Following the completion of the transaction, the executive vice president owned 60,593 shares of the company’s stock, valued at $18,000,968.44. The trade was a 8.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 57,333 shares of company stock worth $16,629,873 in the last three months. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Performance

CB opened at $312.58 on Tuesday. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $313.04. The firm has a market capitalization of $123.02 billion, a PE ratio of 13.05, a PEG ratio of 3.52 and a beta of 0.51. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. The firm’s 50-day moving average price is $288.79 and its 200 day moving average price is $282.27.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $16.15 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The business’s revenue was up 7.5% on a year-over-year basis. During the same period last year, the company posted $5.72 EPS. As a group, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a dividend of $0.97 per share. 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 1.2%. Chubb’s payout ratio is 16.19%.

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.