DRW Securities LLC Increases Stock Holdings in Chubb Limited (NYSE:CB)

DRW Securities LLC boosted its position in Chubb Limited (NYSE:CB) by 174.5% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,718 shares of the financial services provider’s stock after purchasing an additional 1,728 shares during the period. DRW Securities LLC’s holdings in Chubb were worth $693,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Capital Research Global Investors increased its holdings in Chubb by 44.4% during the first quarter. Capital Research Global Investors now owns 6,713,331 shares of the financial services provider’s stock valued at $1,739,625,000 after buying an additional 2,064,730 shares during the last quarter. Capital World Investors increased its stake in shares of Chubb by 6.6% in the 1st quarter. Capital World Investors now owns 10,997,092 shares of the financial services provider’s stock worth $2,849,677,000 after purchasing an additional 685,677 shares in the last quarter. Confluence Investment Management LLC bought a new position in Chubb in the 1st quarter worth $165,932,000. Bank of Nova Scotia lifted its position in Chubb by 198.8% during the fourth quarter. Bank of Nova Scotia now owns 779,345 shares of the financial services provider’s stock valued at $176,126,000 after purchasing an additional 518,535 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in Chubb by 14.8% during the first quarter. Lazard Asset Management LLC now owns 3,543,763 shares of the financial services provider’s stock valued at $918,294,000 after purchasing an additional 457,881 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

NYSE:CB opened at $290.66 on Monday. The business’s 50-day moving average is $275.87 and its 200 day moving average is $263.45. Chubb Limited has a 12 month low of $204.15 and a 12 month high of $294.18. The company has a market capitalization of $118.03 billion, a P/E ratio of 12.90, a P/E/G ratio of 5.59 and a beta of 0.66. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.34. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business had revenue of $13.36 billion for the quarter, compared to analysts’ expectations of $13.04 billion. During the same period in the prior year, the firm earned $4.92 EPS. The company’s revenue for the quarter was up 11.8% on a year-over-year basis. On average, equities research analysts forecast that Chubb Limited will post 21.2 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 13th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.25%. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 583,982 shares in the company, valued at approximately $167,748,829.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 30,318 shares of the firm’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 completion of the sale, the chief executive officer now owns 553,664 shares of the company’s stock, valued at $160,341,094.40. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock valued at $24,874,208 in the last three months. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of a number of analyst reports. JPMorgan Chase & Co. upped their price target on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Morgan Stanley reduced their target price on shares of Chubb from $260.00 to $259.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $304.00 to $305.00 and gave the company an “outperform” rating in a report on Monday, July 29th. Roth Mkm upped their price target on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Finally, Barclays initiated coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an “overweight” rating and a $349.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chubb has a consensus rating of “Hold” and an average target price of $274.70.

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.