Chubb Limited (NYSE:CB) Position Increased by Commerzbank Aktiengesellschaft FI

Commerzbank Aktiengesellschaft FI lifted its holdings in Chubb Limited (NYSE:CB) by 95.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 5,201 shares of the financial services provider’s stock after buying an additional 2,542 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Chubb were worth $1,500,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pathway Financial Advisers LLC acquired a new stake in Chubb in the first quarter worth $25,000. Beacon Capital Management LLC grew its position in Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 42 shares during the last quarter. Chilton Capital Management LLC bought a new position in Chubb in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC bought a new stake in Chubb during the 2nd quarter valued at $28,000. Finally, Wellington Shields Capital Management LLC bought a new position in shares of Chubb in the first quarter worth $29,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Down 0.7 %

CB opened at $294.89 on Wednesday. Chubb Limited has a fifty-two week low of $207.46 and a fifty-two week high of $302.05. The company has a market capitalization of $119.74 billion, a P/E ratio of 13.19, a P/E/G ratio of 5.87 and a beta of 0.66. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.31 and a quick ratio of 0.31. The firm’s fifty day moving average price is $285.98 and its two-hundred day moving average price is $268.72.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share for the quarter, beating the consensus estimate of $5.04 by $0.34. Chubb had a net margin of 18.14% and a return on equity of 15.77%. The business had revenue of $13.36 billion for the quarter, compared to analyst estimates of $13.04 billion. During the same period in the previous year, the business earned $4.92 EPS. The firm’s revenue was up 11.8% on a year-over-year basis. On average, analysts anticipate that Chubb Limited will post 21.32 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.23%. Chubb’s payout ratio is presently 16.16%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on CB. Jefferies Financial Group upped their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. JMP Securities reaffirmed a “market outperform” rating and issued a $300.00 price target on shares of Chubb in a research note on Tuesday, October 15th. Royal Bank of Canada raised their price objective on shares of Chubb from $285.00 to $295.00 and gave the company an “outperform” rating in a research note on Thursday, July 25th. Barclays began coverage on Chubb in a report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 target price on the stock. Finally, William Blair cut Chubb from a “market perform” rating to an “underperform” rating in a research report on Friday, June 28th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $282.37.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Chubb news, CEO Evan G. Greenberg sold 30,318 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the transaction, the chief executive officer now directly owns 553,664 shares in the company, valued at $160,341,094.40. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Juan Luis Ortega sold 3,921 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $273.06, for a total transaction of $1,070,668.26. Following the sale, the executive vice president now directly owns 44,632 shares of the company’s stock, valued at approximately $12,187,213.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 in the last 90 days. 0.86% of the stock is owned by company insiders.

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.