Chubb Ltd (CB) Shares Bought by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in shares of Chubb Ltd (NYSE:CB) by 6.4% in the third quarter, Holdings Channel reports. The fund owned 19,186 shares of the financial services provider’s stock after purchasing an additional 1,157 shares during the period. Daiwa Securities Group Inc.’s holdings in Chubb were worth $2,564,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of CB. Atlantic Trust LLC bought a new stake in Chubb in the 2nd quarter worth approximately $102,000. ELM Advisors LLC bought a new stake in Chubb in the 3rd quarter worth approximately $103,000. Legacy Advisors LLC lifted its position in Chubb by 1,612.0% in the 3rd quarter. Legacy Advisors LLC now owns 856 shares of the financial services provider’s stock worth $115,000 after buying an additional 806 shares during the last quarter. FNY Investment Advisers LLC bought a new stake in Chubb in the 2nd quarter worth approximately $127,000. Finally, Edge Wealth Management LLC bought a new stake in Chubb in the 2nd quarter worth approximately $133,000. Hedge funds and other institutional investors own 85.89% of the company’s stock.

Shares of Chubb stock opened at $131.17 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.31 and a current ratio of 0.31. The company has a market capitalization of $60.68 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 1.32 and a beta of 1.02. Chubb Ltd has a one year low of $120.50 and a one year high of $157.50.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 23rd. The financial services provider reported $2.41 EPS for the quarter, topping the Zacks’ consensus estimate of $2.39 by $0.02. The business had revenue of $7.55 billion for the quarter, compared to analysts’ expectations of $7.63 billion. Chubb had a return on equity of 9.71% and a net margin of 15.37%. The business’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.13) EPS. As a group, equities analysts expect that Chubb Ltd will post 9.97 EPS for the current fiscal year.

A number of analysts recently weighed in on CB shares. Zacks Investment Research downgraded Chubb from a “hold” rating to a “sell” rating in a research report on Tuesday, September 25th. Wells Fargo & Co restated a “buy” rating and issued a $169.00 target price on shares of Chubb in a research report on Wednesday, October 10th. Deutsche Bank downgraded Chubb from a “hold” rating to a “sell” rating and dropped their target price for the stock from $135.00 to $126.00 in a research report on Monday, August 13th. Citigroup dropped their target price on Chubb from $157.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, October 12th. Finally, Credit Suisse Group started coverage on Chubb in a research report on Tuesday, August 7th. They issued a “neutral” rating and a $150.00 target price for the company. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $158.56.

In other Chubb news, CEO Evan G. Greenberg sold 227,994 shares of Chubb stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $140.29, for a total value of $31,985,278.26. Following the transaction, the chief executive officer now directly owns 1,583,326 shares of the company’s stock, valued at approximately $222,124,804.54. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Timothy Alan Boroughs sold 14,971 shares of Chubb stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $139.37, for a total value of $2,086,508.27. Following the completion of the transaction, the insider now directly owns 202,794 shares in the company, valued at $28,263,399.78. The disclosure for this sale can be found here. Insiders sold a total of 242,967 shares of company stock worth $34,072,088 over the last ninety days. Insiders own 0.44% of the company’s stock.

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Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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