Chubb Limited $CB Shares Bought by Davidson Capital Management Inc.

Davidson Capital Management Inc. increased its holdings in shares of Chubb Limited (NYSE:CB) by 1.7% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 11,499 shares of the financial services provider’s stock after purchasing an additional 196 shares during the quarter. Davidson Capital Management Inc.’s holdings in Chubb were worth $3,331,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GQG Partners LLC lifted its holdings in shares of Chubb by 112.1% during the 1st quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after acquiring an additional 4,964,298 shares in the last quarter. Nuveen LLC purchased a new stake in Chubb during the 1st quarter worth $562,221,000. Ameriprise Financial Inc. lifted its stake in shares of Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after acquiring an additional 304,751 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Chubb by 79.0% during the 1st quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock valued at $190,745,000 after buying an additional 278,697 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Chubb by 19.6% in the first quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock valued at $423,826,000 after acquiring an additional 231,404 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In related news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total value of $6,659,138.00. Following the completion of the sale, the insider directly owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.77% of the company’s stock.

Chubb Price Performance

CB opened at $288.26 on Tuesday. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $306.91. The firm has a market capitalization of $113.45 billion, a P/E ratio of 12.03, a PEG ratio of 2.74 and a beta of 0.58. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a fifty day moving average of $279.05 and a 200-day moving average of $280.59.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share 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 $14.87 billion for the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter in the prior year, the company earned $5.72 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. Equities analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 3rd. Investors of record on Friday, September 12th were given a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is presently 16.19%.

Analysts Set New Price Targets

A number of research firms have commented on CB. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a report on Thursday, October 23rd. Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a research report on Wednesday, October 8th. Barclays raised their price target on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. HSBC boosted their price objective on Chubb from $302.00 to $304.00 in a research report on Wednesday, October 29th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $283.00 target price on shares of Chubb in a research report on Thursday, October 23rd. One equities 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $307.79.

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.