Chubb Limited $CB Position Lowered by D.A. Davidson & CO.

Key Points

• D.A. Davidson & CO. reduced its Chubb position by 1.8% in the third quarter, selling 6,252 shares and retaining 332,412 shares valued at approximately $108.1 million. Institutional investors and hedge funds collectively own 83.81% of the stock.
• Analyst sentiment remains mixed but generally constructive: the average rating is “Hold” with a $362.78 price target, while several firms recently raised their targets. Chubb also beat quarterly expectations with $7.66 in EPS versus the $6.77 consensus and reported $16.2 billion in revenue.
• Insiders have recently sold shares, including an EVP’s approximately $4.85 million transaction that reduced his direct holdings by about 71%. Chubb pays a quarterly dividend of $1.02, equivalent to a $4.08 annualized dividend and a 1.1% yield.

D.A. Davidson & CO. trimmed its position in Chubb Limited (NYSE:CB - Free Report) by 1.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 332,412 shares of the financial services provider's stock after selling 6,252 shares during the quarter. D.A. Davidson & CO.'s holdings in Chubb were worth $108,117,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. IMG Wealth Management Inc. bought a new stake in Chubb during the second quarter worth $25,000. Dunhill Financial LLC bought a new position in shares of Chubb in the 2nd quarter valued at $25,000. Parvin Asset Management LLC bought a new position in shares of Chubb in the 2nd quarter valued at $26,000. Highland Investment Advisors LLC acquired a new position in shares of Chubb during the 2nd quarter worth $26,000. Finally, Frazier Financial Advisors LLC raised its holdings in shares of Chubb by 86.4% during the 1st quarter. Frazier Financial Advisors LLC now owns 82 shares of the financial services provider's stock worth $27,000 after buying an additional 38 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Chubb

Here are the key news stories impacting Chubb this week:

• Positive Sentiment: Higher analyst price targets: Autonomous Research raised its target to $373 from $369, while TD Cowen increased its target to $379 from $360. The revisions suggest analysts see additional upside based on Chubb’s earnings strength and outlook. Autonomous Research Adjusts Price Target on Chubb TD Cowen Adjusts Price Target on Chubb
• Positive Sentiment: Buy rating from Roth MKM: Roth MKM initiated or reiterated a “Buy” view on Chubb, adding to the constructive analyst sentiment surrounding the insurer. Chubb Gets a Buy from Roth MKM
• Neutral Sentiment: Valuation remains under review: A comparison of Chubb with Tokio Marine is examining which property-and-casualty insurer offers better value. This may keep investor attention on valuation, growth, and profitability metrics rather than create a direct catalyst. CB or TKOMY: Which Is the Better Value Stock Right Now?
• Negative Sentiment: Executive stock sale: EVP Timothy Boroughs sold 13,596 shares worth approximately $4.85 million, reducing his direct position by about 71%. While insider sales do not necessarily indicate deteriorating fundamentals, the transaction can weigh on sentiment. SEC insider transaction filing
• Negative Sentiment: ETF selling: ETFs were reported as net sellers of Chubb shares on October 23, indicating some passive or institutional selling pressure. ETFs Are Net Sellers of Chubb

Analyst Ratings Changes

Several analysts recently weighed in on CB shares. Wells Fargo & Company upped their price objective on Chubb from $343.00 to $366.00 and gave the stock an "equal weight" rating in a research report on Thursday, October 22nd. HSBC restated a "hold" rating and issued a $359.00 price target on shares of Chubb in a research note on Wednesday, October 7th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $333.00 price target on shares of Chubb in a report on Wednesday, October 21st. The Goldman Sachs Group upped their price objective on shares of Chubb from $362.00 to $386.00 and gave the stock a "buy" rating in a research report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. increased their price objective on shares of Chubb from $371.00 to $374.00 and gave the company a "neutral" rating in a research note on Friday, October 23rd. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $362.78.

Insider Buying and Selling at Chubb

In other news, EVP Timothy Boroughs sold 13,596 shares of the firm's stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $356.77, for a total value of $4,850,644.92. Following the completion of the sale, the executive vice president directly owned 5,588 shares in the company, valued at $1,993,630.76. This trade represents a 70.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Michael Connors sold 5,500 shares of Chubb stock in a transaction on Friday, August 21st. The shares were sold at an average price of $345.00, for a total transaction of $1,897,500.00. Following the completion of the sale, the director directly owned 12,803 shares of the company's stock, valued at approximately $4,417,035. The trade was a 30.05% decrease in their position. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by corporate insiders.

Chubb Trading Down 0.1%

Shares of CB stock opened at $355.74 on Thursday. Chubb Limited has a twelve month low of $273.35 and a twelve month high of $365.91. The stock's fifty day simple moving average is $342.49 and its 200 day simple moving average is $333.19. The company has a quick ratio of 0.29, a current ratio of 0.35 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $137.24 billion, a P/E ratio of 12.45, a P/E/G ratio of 1.55 and a beta of 0.36.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $7.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $6.77 by $0.89. The firm had revenue of $16.20 billion during the quarter, compared to analysts' expectations of $15.66 billion. Chubb had a net margin of 18.15% and a return on equity of 14.41%. During the same period in the prior year, the company posted $7.49 EPS. As a group, sell-side analysts predict that Chubb Limited will post 28.49 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 2nd. Shareholders of record on Friday, September 11th were paid a $1.02 dividend. The ex-dividend date of this dividend was Friday, September 11th. This represents a $4.08 annualized dividend and a yield of 1.1%. Chubb's payout ratio is 14.28%.

Chubb Profile

Chubb Limited is a global insurance company that provides property and casualty, accident and health, life, and reinsurance products and services. Its offerings include commercial and personal property and casualty insurance, liability coverage, workers' compensation, specialty insurance, travel insurance, and coverage for high-net-worth individuals.

The company serves businesses, individuals, and institutional customers through a network spanning North America, Latin America, Europe, Asia-Pacific, and other international markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.