Davis R M Inc. Trims Stake in Chubb Limited $CB

Davis R M Inc. cut its position in shares of Chubb Limited (NYSE:CB) by 0.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 247,625 shares of the financial services provider’s stock after selling 337 shares during the period. Chubb comprises 1.3% of Davis R M Inc.’s portfolio, making the stock its 20th biggest position. Davis R M Inc.’s holdings in Chubb were worth $71,742,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. IMA Advisory Services Inc. bought a new stake in shares of Chubb in the first quarter valued at about $31,000. 1248 Management LLC purchased a new position in Chubb during the 1st quarter valued at about $31,000. WPG Advisers LLC bought a new stake in shares of Chubb in the 1st quarter valued at about $33,000. Clal Insurance Enterprises Holdings Ltd lifted its position in shares of Chubb by 391.7% in the 1st quarter. Clal Insurance Enterprises Holdings Ltd now owns 118 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 94 shares during the period. Finally, Maseco LLP bought a new position in shares of Chubb during the second quarter valued at approximately $35,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 1.6%

Shares of NYSE:CB opened at $287.45 on Monday. The business’s 50-day moving average is $278.79 and its 200 day moving average is $280.54. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $252.16 and a 1 year high of $306.91. The firm has a market capitalization of $113.13 billion, a P/E ratio of 12.00, a P/E/G ratio of 2.74 and a beta of 0.58.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, topping the consensus estimate of $5.51 by $1.98. Chubb had a return on equity of 12.93% and a net margin of 16.53%.The business had revenue of $14.87 billion during the quarter, compared to the consensus estimate of $12.95 billion. During the same quarter last year, the company earned $5.72 earnings per share. The company’s quarterly revenue was up 7.5% on a year-over-year basis. On average, research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders 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 payout ratio is currently 16.19%.

Insiders Place Their Bets

In other Chubb news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction that occurred on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.77% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $321.00 to $327.00 and gave the stock a “neutral” rating in a research note on Thursday, October 9th. BMO Capital Markets reissued a “market perform” rating and issued a $283.00 price target on shares of Chubb in a research report on Thursday, October 23rd. Hsbc Global Res downgraded Chubb from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 1st. Morgan Stanley reduced their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Chubb has a consensus rating of “Hold” and a consensus price target of $307.79.

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.