Davis R M Inc. Has $67.81 Million Stake in Chubb Limited (NYSE:CB)

Davis R M Inc. increased its holdings in Chubb Limited (NYSE:CB) by 0.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 245,403 shares of the financial services provider’s stock after buying an additional 1,087 shares during the period. Chubb accounts for 1.3% of Davis R M Inc.’s holdings, making the stock its 22nd largest position. Davis R M Inc. owned 0.06% of Chubb worth $67,805,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Impax Asset Management Group plc acquired a new position in Chubb during the third quarter valued at approximately $26,336,000. Equitable Trust Co. raised its position in Chubb by 4.4% during the third quarter. Equitable Trust Co. now owns 998 shares of the financial services provider’s stock valued at $288,000 after purchasing an additional 42 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Chubb during the third quarter valued at approximately $681,000. Atria Investments Inc raised its position in Chubb by 5.4% during the third quarter. Atria Investments Inc now owns 47,724 shares of the financial services provider’s stock valued at $13,763,000 after purchasing an additional 2,457 shares in the last quarter. Finally, XML Financial LLC acquired a new position in Chubb during the third quarter valued at approximately $205,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on CB shares. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Wells Fargo & Company decreased their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $299.27.

Chubb Stock Performance

Shares of Chubb stock opened at $293.32 on Tuesday. 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 twelve month low of $238.85 and a twelve month high of $302.05. The stock has a market cap of $117.45 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 3.36 and a beta of 0.66. The company’s fifty day moving average is $272.37 and its 200 day moving average is $280.50.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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%. Sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

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

Insider Activity at Chubb

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