Davis Rea LTD. Has $4.84 Million Stake in Chubb Limited $CB

Davis Rea LTD. decreased its position in shares of Chubb Limited (NYSE:CB) by 1.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,665 shares of the financial services provider’s stock after selling 279 shares during the period. Davis Rea LTD.’s holdings in Chubb were worth $4,844,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CB. GQG Partners LLC increased its holdings in shares of Chubb by 112.1% during the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after buying an additional 4,964,298 shares in the last quarter. Nuveen LLC bought a new stake in shares of Chubb during the first quarter valued at approximately $562,221,000. Demars Financial Group LLC grew its stake in shares of Chubb by 16.4% during the first quarter. Demars Financial Group LLC now owns 6,238,632 shares of the financial services provider’s stock valued at $1,884,004,000 after purchasing an additional 878,177 shares during the last quarter. Ameriprise Financial Inc. grew its stake in shares of Chubb by 6.9% during the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after purchasing an additional 304,751 shares during the last quarter. Finally, Cohen Investment Advisors LLC grew its stake in shares of Chubb by 2,408.4% during the first quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider’s stock valued at $88,456,000 after purchasing an additional 281,234 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of several research analyst reports. Evercore ISI increased their price target on shares of Chubb from $312.00 to $315.00 and gave the company an “outperform” rating in a research note on Wednesday, October 1st. Morgan Stanley decreased their price target on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $321.00 to $327.00 and gave the company a “neutral” rating in a research note on Thursday. Barclays raised their price objective on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group raised their price objective on shares of Chubb from $299.00 to $303.00 and gave the company a “neutral” rating in a research note on Monday, October 6th. Two research analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and twelve have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $306.82.

Insider Buying and Selling at Chubb

In other news, Director Michael Corbat purchased 425 shares of Chubb stock in a transaction dated Friday, July 25th. The shares were bought at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director directly owned 2,450 shares in the company, valued at $661,010. This trade represents a 20.99% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.77% of the stock is currently owned by corporate insiders.

Chubb Trading Down 0.4%

Shares of NYSE CB opened at $283.08 on Friday. The company’s fifty day moving average is $276.67 and its 200-day moving average is $282.01. The stock has a market cap of $112.86 billion, a price-to-earnings ratio of 12.49, a P/E/G ratio of 3.20 and a beta of 0.54. Chubb Limited has a twelve month low of $252.16 and a twelve month high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, July 22nd. The financial services provider reported $6.14 earnings per share for the quarter, topping analysts’ consensus estimates of $5.84 by $0.30. The company had revenue of $14.20 billion for the quarter, compared to analysts’ expectations of $12.53 billion. Chubb had a net margin of 16.08% and a return on equity of 12.34%. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $5.38 earnings per share. Equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is currently 17.12%.

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.