Davidson Trust Co. Reduces Stock Holdings in Chubb Limited $CB

Davidson Trust Co. decreased its holdings in Chubb Limited (NYSE:CB) by 1.6% in the second quarter, HoldingsChannel.com reports. The fund owned 7,704 shares of the financial services provider’s stock after selling 128 shares during the period. Chubb comprises about 1.0% of Davidson Trust Co.’s portfolio, making the stock its 25th largest holding. Davidson Trust Co.’s holdings in Chubb were worth $2,232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CB. Brighton Jones LLC lifted its stake in Chubb by 12.8% in the fourth quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after acquiring an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new stake in Chubb in the fourth quarter worth $205,000. GAMMA Investing LLC lifted its stake in Chubb by 22.3% in the first quarter. GAMMA Investing LLC now owns 6,901 shares of the financial services provider’s stock worth $2,084,000 after acquiring an additional 1,258 shares during the period. Opal Wealth Advisors LLC purchased a new stake in Chubb in the first quarter worth $25,000. Finally, Exchange Traded Concepts LLC lifted its stake in Chubb by 9.4% in the first quarter. Exchange Traded Concepts LLC now owns 3,541 shares of the financial services provider’s stock worth $1,069,000 after acquiring an additional 305 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on CB. Evercore ISI increased their price objective on Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. Keefe, Bruyette & Woods increased their price objective on Chubb from $324.00 to $333.00 and gave the stock an “outperform” rating in a report on Monday, October 6th. Morgan Stanley decreased their price objective on Chubb from $300.00 to $295.00 and set an “equal weight” rating for the company in a report on Monday, August 18th. UBS Group decreased their price objective on Chubb from $304.00 to $292.00 and set a “neutral” rating for the company in a report on Monday, July 28th. Finally, Barclays increased their price objective on Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $305.28.

Chubb Price Performance

NYSE CB opened at $284.60 on Wednesday. Chubb Limited has a one year low of $252.16 and a one year high of $306.91. The stock has a 50-day moving average of $277.30 and a 200 day moving average of $281.72. The company has a market capitalization of $113.47 billion, a price-to-earnings ratio of 12.55, a PEG ratio of 3.15 and a beta of 0.54. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, topping the consensus estimate of $5.84 by $0.30. The company had revenue of $14.20 billion during the quarter, compared to the consensus estimate of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.Chubb’s revenue for the quarter was up 6.3% on a year-over-year basis. During the same period last year, the company earned $5.38 EPS. On average, sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Shareholders of record on Friday, September 12th were given a $0.97 dividend. This represents a $3.88 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is presently 17.12%.

Insider Transactions at Chubb

In other news, Director Michael Corbat bought 425 shares of the company’s stock in a transaction on Friday, July 25th. The shares were acquired at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the transaction, the director owned 2,450 shares of the company’s stock, valued at approximately $661,010. This trade represents a 20.99% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.86% of the company’s stock.

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.