Daiwa Securities Group Inc. Increases Stock Position in Chubb Limited (NYSE:CB)

Daiwa Securities Group Inc. increased its position in Chubb Limited (NYSE:CB) by 6.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 51,762 shares of the financial services provider’s stock after acquiring an additional 3,204 shares during the period. Daiwa Securities Group Inc.’s holdings in Chubb were worth $14,302,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CB. Raymond James Financial Inc. bought a new position in shares of Chubb during the 4th quarter valued at $1,158,897,000. FMR LLC lifted its holdings in Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after purchasing an additional 1,052,999 shares in the last quarter. Proficio Capital Partners LLC boosted its stake in Chubb by 41,494.7% in the 4th quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider’s stock worth $224,566,000 after purchasing an additional 810,807 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Chubb by 49.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after acquiring an additional 389,343 shares during the last quarter. Finally, Barclays PLC increased its holdings in shares of Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company cut their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chubb has an average rating of “Hold” and a consensus price target of $299.27.

Chubb Trading Up 2.3 %

CB stock opened at $293.32 on Tuesday. The company’s 50-day simple moving average is $272.37 and its 200-day simple moving average is $280.50. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The firm has a market cap of $117.45 billion, a P/E ratio of 12.91, a PEG ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.24%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio is presently 16.02%.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.86% of the stock is owned by insiders.

Chubb 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.