DRW Securities LLC Purchases 20,210 Shares of Chubb Limited (NYSE:CB)

DRW Securities LLC lifted its position in Chubb Limited (NYSE:CB) by 743.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,928 shares of the financial services provider’s stock after purchasing an additional 20,210 shares during the quarter. DRW Securities LLC’s holdings in Chubb were worth $6,612,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CB. Wellington Shields & Co. LLC purchased a new position in Chubb in the first quarter worth about $94,000. Waverly Advisors LLC grew its position in Chubb by 237.1% in the first quarter. Waverly Advisors LLC now owns 5,232 shares of the financial services provider’s stock worth $1,356,000 after acquiring an additional 3,680 shares in the last quarter. Bayesian Capital Management LP grew its position in Chubb by 8.2% in the first quarter. Bayesian Capital Management LP now owns 9,786 shares of the financial services provider’s stock worth $2,536,000 after acquiring an additional 743 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its position in Chubb by 3.9% in the first quarter. Industrial Alliance Investment Management Inc. now owns 4,683 shares of the financial services provider’s stock worth $1,214,000 after acquiring an additional 174 shares in the last quarter. Finally, Dynasty Wealth Management LLC purchased a new position in Chubb in the first quarter worth about $966,000. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. JPMorgan Chase & Co. boosted their target price on Chubb from $291.00 to $294.00 and gave the company a “neutral” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods boosted their target price on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. JMP Securities boosted their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group boosted their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI boosted their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report 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 issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $287.37.

Chubb Stock Performance

Shares of NYSE:CB opened at $285.21 on Monday. The company has a market capitalization of $114.97 billion, a price-to-earnings ratio of 11.68, a price-to-earnings-growth ratio of 6.65 and a beta of 0.67. Chubb Limited has a 52 week low of $216.90 and a 52 week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $287.46 and a 200 day moving average of $274.58.

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

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.91 per share. 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 presently 14.91%.

Insider Transactions at Chubb

In other news, insider John J. Lupica sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $285.49, for a total transaction of $4,282,350.00. Following the transaction, the insider now directly owns 103,950 shares of the company’s stock, valued at approximately $29,676,685.50. This represents a 12.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael G. Atieh sold 261 shares of the company’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $287.49, for a total value of $75,034.89. Following the transaction, the director now directly owns 39,172 shares in the company, valued at approximately $11,261,558.28. The trade was a 0.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 82,715 shares of company stock valued at $23,803,540. Corporate 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.