Chubb Limited $CB Shares Purchased by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. boosted its position in Chubb Limited (NYSE:CB) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 142,782 shares of the financial services provider’s stock after purchasing an additional 5,428 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Chubb were worth $50,238,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Cherry Tree Wealth Management LLC raised its stake in shares of Chubb by 38.3% during the fourth quarter. Cherry Tree Wealth Management LLC now owns 112 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 31 shares in the last quarter. Phillips Wealth Planners LLC increased its stake in shares of Chubb by 1.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock valued at $521,000 after acquiring an additional 31 shares during the period. Hoxton Planning & Management LLC raised its holdings in Chubb by 4.3% during the fourth quarter. Hoxton Planning & Management LLC now owns 746 shares of the financial services provider’s stock worth $233,000 after purchasing an additional 31 shares in the last quarter. South Plains Financial Inc. raised its holdings in Chubb by 2.2% during the fourth quarter. South Plains Financial Inc. now owns 1,601 shares of the financial services provider’s stock worth $500,000 after purchasing an additional 34 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. raised its holdings in Chubb by 0.8% during the first quarter. Stock Yards Bank & Trust Co. now owns 4,105 shares of the financial services provider’s stock worth $1,338,000 after purchasing an additional 34 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB opened at $348.46 on Friday. The company has a 50-day moving average of $348.27 and a two-hundred day moving average of $334.40. The stock has a market cap of $134.44 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.62 and a beta of 0.37. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a one year low of $265.30 and a one year high of $365.91.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, July 21st. The financial services provider reported $7.26 EPS for the quarter, topping analysts’ consensus estimates of $6.77 by $0.49. Chubb had a net margin of 18.10% and a return on equity of 14.47%. The firm had revenue of $11.97 billion during the quarter, compared to analyst estimates of $15.07 billion. During the same quarter last year, the business posted $6.14 EPS. The company’s revenue was up 3.6% on a year-over-year basis. On average, equities research analysts expect that Chubb Limited will post 27.35 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 2nd. Investors of record on Friday, September 11th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, September 11th. Chubb’s payout ratio is presently 14.43%.

Insider Transactions at Chubb

In other Chubb news, Director Michael Connors sold 5,500 shares of Chubb stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the transaction, the director owned 12,803 shares of the company’s stock, valued at $4,417,035. The trade was a 30.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 8,502 shares of the company’s stock in a transaction dated Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total value of $3,099,319.08. Following the completion of the transaction, the executive vice president owned 33,749 shares in the company, valued at $12,302,860.46. This represents a 20.12% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

CB has been the subject of a number of research reports. Cantor Fitzgerald increased their price target on Chubb from $318.00 to $337.00 and gave the company a “neutral” rating in a research note on Thursday, July 9th. UBS Group upped their price objective on Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Atlantic Securities set a $301.00 target price on Chubb in a research note on Wednesday, July 15th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $354.00 price target on shares of Chubb in a research report on Wednesday, July 22nd. Finally, Evercore reissued an “outperform” rating and issued a $374.00 price target on shares of Chubb in a report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $361.00.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.