Chubb Limited (NYSE:CB) Shares Bought by Donaldson Capital Management LLC

Donaldson Capital Management LLC boosted its holdings in shares of Chubb Limited (NYSE:CB) by 13.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 904 shares of the financial services provider’s stock after acquiring an additional 109 shares during the period. Donaldson Capital Management LLC’s holdings in Chubb were worth $261,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. Beacon Capital Management LLC grew its holdings in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after buying an additional 42 shares in the last quarter. Pathway Financial Advisers LLC purchased a new stake in Chubb in the first quarter valued at approximately $25,000. Kozak & Associates Inc. purchased a new stake in Chubb in the third quarter valued at approximately $29,000. Chilton Capital Management LLC purchased a new stake in Chubb in the second quarter valued at approximately $26,000. Finally, Wellington Shields Capital Management LLC purchased a new stake in Chubb in the first quarter valued at approximately $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Juan Luis Ortega sold 3,921 shares of the stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $273.06, for a total value of $1,070,668.26. Following the completion of the transaction, the executive vice president now owns 44,632 shares in the company, valued at $12,187,213.92. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the completion of the transaction, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,636 shares of company stock worth $24,874,208. Insiders own 0.86% of the company’s stock.

Chubb Trading Down 0.5 %

NYSE CB opened at $276.08 on Tuesday. The stock has a market cap of $111.29 billion, a P/E ratio of 11.31, a PEG ratio of 6.64 and a beta of 0.67. The company’s fifty day simple moving average is $288.24 and its 200-day simple moving average is $271.22. The company has a current ratio of 0.28, a quick ratio of 0.31 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52 week low of $216.26 and a 52 week high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the company posted $4.95 earnings per share. Equities research analysts predict that Chubb Limited will post 21.6 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.32%. Chubb’s dividend payout ratio is currently 14.91%.

Analysts Set New Price Targets

A number of research firms recently issued reports on CB. JMP Securities boosted their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Barclays initiated coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price for the company. Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Royal Bank of Canada boosted their price objective on shares of Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a research note on Thursday, July 25th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and an average price target of $287.26.

Chubb Company 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.