Baxter Bros Inc. Grows Position in Chubb Limited (NYSE:CB)

Baxter Bros Inc. increased its stake in shares of Chubb Limited (NYSE:CB) by 255.3% in the third quarter, Holdings Channel.com reports. The fund owned 7,071 shares of the financial services provider’s stock after purchasing an additional 5,081 shares during the period. Baxter Bros Inc.’s holdings in Chubb were worth $2,039,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC purchased a new position in shares of Chubb during the first quarter valued at about $25,000. Beacon Capital Management LLC boosted its stake in Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider’s stock valued at $25,000 after buying an additional 42 shares during the last quarter. Chilton Capital Management LLC purchased a new position in Chubb during the 2nd quarter valued at approximately $26,000. Strategic Financial Concepts LLC bought a new stake in Chubb in the 2nd quarter worth approximately $28,000. Finally, Wellington Shields Capital Management LLC purchased a new stake in shares of Chubb during the 1st quarter worth approximately $29,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Michael G. Atieh sold 261 shares of Chubb stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $287.49, for a total transaction of $75,034.89. Following the transaction, the director now directly owns 39,172 shares of the company’s stock, valued at $11,261,558.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 30,537 shares of the company’s stock in a transaction on Friday, September 6th. The stock was sold at an average price of $287.25, for a total value of $8,771,753.25. Following the sale, the chief executive officer now owns 583,982 shares of the company’s stock, valued at approximately $167,748,829.50. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,636 shares of company stock worth $24,874,208. Company insiders own 0.86% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on CB. Royal Bank of Canada upped their price objective on Chubb from $285.00 to $295.00 and gave the stock an “outperform” rating in a report on Thursday, July 25th. Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday. Bank of America upped their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Wells Fargo & Company decreased their price objective on Chubb from $269.00 to $266.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Keefe, Bruyette & Woods upped their price objective on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $287.26.

Chubb Stock Performance

CB stock opened at $277.41 on Friday. The firm has a market cap of $112.11 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 5.86 and a beta of 0.66. Chubb Limited has a twelve month low of $215.54 and a twelve month high of $302.05. The company has a quick ratio of 0.31, a current ratio of 0.35 and a debt-to-equity ratio of 0.20. The business’s fifty day simple moving average is $288.23 and its two-hundred day simple moving average is $270.82.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.95 EPS. Analysts predict that Chubb Limited will post 21.42 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.31%. The ex-dividend date was Friday, September 13th. Chubb’s dividend payout ratio is presently 14.91%.

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.