Davis R M Inc. Sells 6,312 Shares of Chubb Limited (NYSE:CB)

Davis R M Inc. lessened its position in shares of Chubb Limited (NYSE:CB) by 2.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 244,316 shares of the financial services provider’s stock after selling 6,312 shares during the period. Chubb accounts for 1.4% of Davis R M Inc.’s investment portfolio, making the stock its 22nd largest position. Davis R M Inc.’s holdings in Chubb were worth $70,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in CB. Beacon Capital Management LLC boosted its position in 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 purchasing an additional 42 shares during the period. Pathway Financial Advisers LLC bought a new position in Chubb in the 1st quarter worth approximately $25,000. Kozak & Associates Inc. purchased a new position in Chubb in the 3rd quarter valued at approximately $29,000. Chilton Capital Management LLC bought a new stake in Chubb during the 2nd quarter valued at $26,000. Finally, Kimelman & Baird LLC purchased a new stake in shares of Chubb during the second quarter worth $32,000. Institutional investors own 83.81% of the company’s stock.

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. The trade was a 4.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the sale, the director now directly owns 39,172 shares in the company, valued at $11,261,558.28. The trade was a 0.66 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 82,715 shares of company stock valued at $23,803,540. Insiders own 0.86% of the company’s stock.

Chubb Trading Up 0.0 %

Shares of CB stock opened at $285.21 on Monday. The business has a 50-day moving average of $287.46 and a 200 day moving average of $274.58. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $216.90 and a 1-year high of $302.05. The stock has a market capitalization of $114.97 billion, a PE ratio of 11.68, a P/E/G ratio of 6.65 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the prior year, the firm posted $4.95 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Chubb Limited will post 21.77 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date is Friday, December 13th. Chubb’s payout ratio is 14.91%.

Analysts Set New Price Targets

CB has been the topic of a number of analyst reports. Barclays initiated coverage on Chubb in a research note on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective on the stock. Bank of America upped their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Wells Fargo & Company raised their price target on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Evercore ISI upped their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $287.37.

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.