TD Waterhouse Canada Inc. Purchases 5,428 Shares of Chubb Limited $CB

TD Waterhouse Canada Inc. increased its position in Chubb Limited (NYSE:CB) by 4.0% during the second quarter, HoldingsChannel reports. The institutional investor owned 142,782 shares of the financial services provider’s stock after acquiring an additional 5,428 shares during the period. TD Waterhouse Canada Inc.’s holdings in Chubb were worth $50,238,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. Janney Montgomery Scott LLC lifted its holdings in Chubb by 1.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 315,893 shares of the financial services provider’s stock worth $102,959,000 after purchasing an additional 5,225 shares during the last quarter. Equitable Holdings Inc. acquired a new position in Chubb during the second quarter valued at approximately $4,139,000. XXEC Inc. acquired a new position in Chubb during the second quarter valued at approximately $26,210,000. Berkshire Hathaway Inc bought a new position in shares of Chubb in the second quarter valued at approximately $11,670,067,000. Finally, National Pension Service raised its position in shares of Chubb by 24.4% in the fourth quarter. National Pension Service now owns 1,148,474 shares of the financial services provider’s stock valued at $358,462,000 after purchasing an additional 225,515 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $348.46 on Friday. The firm has a market capitalization of $134.44 billion, a PE ratio of 12.33, a PEG ratio of 1.62 and a beta of 0.37. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. Chubb Limited has a 1-year low of $265.30 and a 1-year high of $365.91. The business’s 50 day moving average is $348.27 and its 200-day moving average is $334.40.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping the consensus estimate of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm had revenue of $11.97 billion during the quarter, compared to analysts’ expectations of $15.07 billion. During the same period last year, the business earned $6.14 earnings per share. Chubb’s quarterly revenue was up 3.6% compared to the same quarter last year. Sell-side analysts predict that Chubb Limited will post 27.35 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 2nd. Stockholders of record on Friday, September 11th will be issued a dividend of $1.02 per share. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s dividend payout ratio (DPR) is presently 14.43%.

Analysts Set New Price Targets

Several analysts recently issued reports on CB shares. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. HSBC lowered shares of Chubb from a “buy” rating to a “hold” rating and boosted their target price for the stock from $370.00 to $373.00 in a research report on Monday, July 6th. Citizens Jmp restated a “market outperform” rating and set a $400.00 price target on shares of Chubb in a report on Wednesday, July 22nd. Atlantic Securities set a $301.00 price target on Chubb in a research report on Wednesday, July 15th. Finally, Wells Fargo & Company dropped their price objective on Chubb from $358.00 to $356.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and an average price target of $361.00.

Insider Activity

In other news, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares in the company, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael Connors sold 5,500 shares of the company’s stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares in the company, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is currently owned by insiders.

Chubb Company Profile

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.