Davis R M Inc. Purchases 1,859 Shares of Chubb Limited $CB

Davis R M Inc. boosted its holdings in Chubb Limited (NYSE:CB) by 0.8% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 249,484 shares of the financial services provider’s stock after buying an additional 1,859 shares during the period. Chubb accounts for approximately 1.2% of Davis R M Inc.’s holdings, making the stock its 19th biggest position. Davis R M Inc. owned about 0.06% of Chubb worth $70,417,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Brighton Jones LLC increased its holdings in shares of Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after purchasing an additional 221 shares during the last quarter. Revolve Wealth Partners LLC purchased a new position in Chubb during the 4th quarter valued at approximately $205,000. Woodline Partners LP increased its stake in Chubb by 13.0% in the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after acquiring an additional 1,449 shares during the last quarter. Sivia Capital Partners LLC raised its holdings in shares of Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after acquiring an additional 175 shares in the last quarter. Finally, Hantz Financial Services Inc. boosted its position in shares of Chubb by 68.3% during the 2nd quarter. Hantz Financial Services Inc. now owns 468 shares of the financial services provider’s stock valued at $136,000 after acquiring an additional 190 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares of the company’s stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 27,817 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $331.98, for a total transaction of $9,234,687.66. Following the completion of the transaction, the executive vice president owned 11,810 shares in the company, valued at $3,920,683.80. This represents a 70.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

CB has been the topic of several research reports. BMO Capital Markets boosted their price target on shares of Chubb from $283.00 to $326.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 10th. Raymond James Financial boosted their target price on shares of Chubb from $340.00 to $380.00 and gave the stock a “strong-buy” rating in a report on Monday, February 9th. HSBC upped their target price on shares of Chubb from $354.00 to $357.00 and gave the company a “buy” rating in a research report on Thursday, February 5th. Morgan Stanley set a $350.00 price objective on Chubb in a research note on Friday, January 16th. Finally, Barclays upped their price objective on Chubb from $317.00 to $339.00 and gave the company an “equal weight” rating in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $340.81.

Chubb Stock Up 0.7%

Shares of NYSE CB opened at $340.29 on Monday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.24 and a quick ratio of 0.27. The company has a market cap of $133.92 billion, a P/E ratio of 13.23, a PEG ratio of 2.17 and a beta of 0.49. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $342.69. The firm has a 50-day simple moving average of $315.97 and a two-hundred day simple moving average of $295.86.

Chubb (NYSE:CB) last released its earnings results on Tuesday, February 3rd. The financial services provider reported $7.52 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $1.19. Chubb had a return on equity of 13.15% and a net margin of 17.36%.The firm had revenue of $2.08 billion for the quarter, compared to analysts’ expectations of $11.11 billion. During the same quarter in the prior year, the firm posted $6.02 earnings per share. The company’s quarterly revenue was up 8.9% on a year-over-year basis. Research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 6th. Stockholders of record on Friday, March 13th will be given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.1%. The ex-dividend date is Friday, March 13th. Chubb’s dividend payout ratio (DPR) is 15.08%.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.