Donaldson Capital Management LLC Has $261,000 Stock Holdings in Chubb Limited (NYSE:CB)

Donaldson Capital Management LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 13.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 904 shares of the financial services provider’s stock after purchasing an additional 109 shares during the period. Donaldson Capital Management LLC’s holdings in Chubb were worth $261,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Pathway Financial Advisers LLC acquired a new stake in shares of Chubb in the first quarter worth $25,000. Beacon Capital Management LLC grew its stake in shares of Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock worth $25,000 after acquiring an additional 42 shares during the last quarter. Chilton Capital Management LLC acquired a new stake in shares of Chubb in the second quarter worth $26,000. Strategic Financial Concepts LLC acquired a new stake in shares of Chubb in the second quarter worth $28,000. Finally, Wellington Shields Capital Management LLC acquired a new stake in shares of Chubb in the first quarter worth $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 0.5 %

Shares of NYSE:CB opened at $276.08 on Tuesday. The firm has a market cap of $111.29 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 6.64 and a beta of 0.67. Chubb Limited has a 12 month low of $216.26 and a 12 month high of $302.05. The company’s fifty day simple moving average is $288.24 and its 200 day simple moving average is $271.22. The company has a quick ratio of 0.31, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.95 EPS. As a group, research analysts forecast that Chubb Limited will post 21.6 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Analyst Ratings Changes

Several brokerages have recently issued reports on CB. Roth Mkm raised their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock a “buy” rating in a research note on Wednesday, July 24th. Bank of America raised their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Piper Sandler raised their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Barclays began coverage on Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price for the company. Finally, Evercore ISI raised their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $287.26.

Insider Activity

In other news, CEO Evan G. Greenberg sold 30,537 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the completion of the transaction, the chief executive officer now owns 583,982 shares in the company, valued at $167,748,829.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Evan G. Greenberg sold 30,537 shares of Chubb stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 583,982 shares in the company, valued at approximately $167,748,829.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction dated 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 owns 39,172 shares of the company’s stock, valued at $11,261,558.28. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 86,636 shares of company stock worth $24,874,208 in the last quarter. Corporate insiders own 0.86% of the company’s stock.

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.