Deutsche Bank AG Has $431.36 Million Stock Position in Chubb Limited $CB

Deutsche Bank AG lowered its holdings in shares of Chubb Limited (NYSE:CB) by 35.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,382,043 shares of the financial services provider’s stock after selling 752,491 shares during the period. Deutsche Bank AG’s holdings in Chubb were worth $431,363,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Capital Analysts LLC raised its holdings in shares of Chubb by 22.9% during the 4th quarter. Capital Analysts LLC now owns 956 shares of the financial services provider’s stock worth $298,000 after buying an additional 178 shares in the last quarter. GW&K Investment Management LLC raised its holdings in shares of Chubb by 11.8% during the 4th quarter. GW&K Investment Management LLC now owns 760 shares of the financial services provider’s stock worth $237,000 after buying an additional 80 shares in the last quarter. Focus Partners Advisor Solutions LLC raised its holdings in shares of Chubb by 8.7% during the 4th quarter. Focus Partners Advisor Solutions LLC now owns 17,173 shares of the financial services provider’s stock worth $5,360,000 after buying an additional 1,368 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new position in shares of Chubb during the 4th quarter worth $73,000. Finally, Waddell & Associates LLC raised its holdings in shares of Chubb by 129.3% during the 4th quarter. Waddell & Associates LLC now owns 4,975 shares of the financial services provider’s stock worth $1,553,000 after buying an additional 2,805 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 1.7%

Shares of Chubb stock opened at $330.55 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The stock has a 50 day moving average price of $324.87 and a two-hundred day moving average price of $318.67. The stock has a market capitalization of $128.21 billion, a PE ratio of 11.67, a price-to-earnings-growth ratio of 1.66 and a beta of 0.41.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The business had revenue of $14.93 billion during the quarter. As a group, equities analysts anticipate that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Investors of record on Friday, June 12th will be given a $1.02 dividend. This represents a $4.08 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Friday, June 12th. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is 14.41%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CB. Bank of America lowered their price target on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company boosted their price target on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Evercore boosted their price objective on Chubb from $347.00 to $349.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 22nd. BMO Capital Markets boosted their price objective on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a research report on Friday, April 24th. Finally, Wolfe Research boosted their price objective on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a research report on Monday, April 6th. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $349.43.

Insider Buying and Selling at Chubb

In related news, COO John W. Keogh sold 23,000 shares of Chubb stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.37% of the company’s stock.

Chubb Company Profile

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.