Harold Davidson & Associates Inc. Has $1.47 Million Stake in Chubb Limited $CB

Key Points

• Harold Davidson & Associates Inc. reduced its holdings in Chubb Limited by 22.3% in the first quarter, now owning shares worth approximately $1.47 million.
• Chubb declared a quarterly dividend of $0.97 per share, with an annualized yield of 1.4%, to be paid on October 3rd.
• Institutions and hedge funds collectively own 83.81% of Chubb's stock, indicating strong institutional interest in the company.

Harold Davidson & Associates Inc. decreased its holdings in Chubb Limited (NYSE:CB - Free Report) by 22.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,852 shares of the financial services provider's stock after selling 1,389 shares during the quarter. Harold Davidson & Associates Inc.'s holdings in Chubb were worth $1,465,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider's stock worth $537,000 after purchasing an additional 221 shares during the period. Revolve Wealth Partners LLC purchased a new stake in shares of Chubb during the 4th quarter worth about $205,000. Bank Pictet & Cie Europe AG purchased a new stake in shares of Chubb during the 4th quarter worth about $1,320,000. Janus Henderson Group PLC grew its holdings in shares of Chubb by 21.6% during the 4th quarter. Janus Henderson Group PLC now owns 85,112 shares of the financial services provider's stock worth $23,521,000 after purchasing an additional 15,127 shares during the period. Finally, NorthRock Partners LLC lifted its position in Chubb by 145.0% during the 4th quarter. NorthRock Partners LLC now owns 3,055 shares of the financial services provider's stock worth $844,000 after acquiring an additional 1,808 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Down 1.7%

CB stock traded down $4.87 during mid-day trading on Friday, hitting $278.02. The stock had a trading volume of 2,115,158 shares, compared to its average volume of 1,651,878. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.18. Chubb Limited has a 1-year low of $252.16 and a 1-year high of $306.91. The company has a fifty day moving average of $274.38 and a 200 day moving average of $283.41. The stock has a market capitalization of $110.84 billion, a price-to-earnings ratio of 12.26, a PEG ratio of 3.14 and a beta of 0.56.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 22nd. The financial services provider reported $6.14 EPS for the quarter, beating analysts' consensus estimates of $5.84 by $0.30. The business had revenue of $14.20 billion for the quarter, compared to analyst estimates of $12.53 billion. Chubb had a return on equity of 12.34% and a net margin of 16.08%.The firm's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $5.38 EPS. On average, equities analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 3rd. Stockholders of record on Friday, September 12th will be issued a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, September 12th. Chubb's dividend payout ratio (DPR) is presently 17.12%.

Insider Activity at Chubb

In other news, insider John J. Lupica sold 5,513 shares of the company's stock in a transaction on Tuesday, July 1st. The stock was sold at an average price of $290.06, for a total transaction of $1,599,100.78. Following the transaction, the insider owned 91,180 shares of the company's stock, valued at $26,447,670.80. This represents a 5.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael Corbat acquired 425 shares of the firm's stock in a transaction that occurred on Friday, July 25th. The shares were bought at an average cost of $269.80 per share, with a total value of $114,665.00. Following the completion of the purchase, the director owned 2,450 shares of the company's stock, valued at $661,010. This trade represents a 20.99% increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.86% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on CB. Morgan Stanley dropped their price target on Chubb from $300.00 to $295.00 and set an "equal weight" rating on the stock in a research report on Monday, August 18th. Keefe, Bruyette & Woods upped their price objective on Chubb from $314.00 to $324.00 and gave the company an "outperform" rating in a report on Wednesday, July 9th. Barclays downgraded Chubb from an "overweight" rating to an "equal weight" rating and reduced their target price for the company from $321.00 to $298.00 in a report on Monday, July 7th. Wells Fargo & Company reduced their target price on Chubb from $285.00 to $267.00 and set an "equal weight" rating for the company in a report on Thursday, July 24th. Finally, Cantor Fitzgerald raised Chubb to a "hold" rating in a report on Wednesday, August 13th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Chubb presently has a consensus rating of "Hold" and a consensus target price of $302.00.

Chubb Company 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.