D.A. Davidson & CO. Has $45.94 Million Stake in Chubb Limited (NYSE:CB)

D.A. Davidson & CO. raised its position in Chubb Limited (NYSE:CB) by 0.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 238,575 shares of the financial services provider’s stock after buying an additional 794 shares during the quarter. D.A. Davidson & CO. owned about 0.06% of Chubb worth $45,940,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Guardian Wealth Advisors LLC bought a new position in Chubb in the first quarter valued at about $25,000. ICA Group Wealth Management LLC bought a new stake in shares of Chubb during the 4th quarter valued at approximately $25,000. Mcmillion Capital Management Inc. acquired a new position in Chubb during the 2nd quarter worth approximately $35,000. Altshuler Shaham Ltd bought a new position in Chubb in the 4th quarter valued at approximately $47,000. Finally, Almanack Investment Partners LLC. acquired a new stake in Chubb in the third quarter valued at approximately $52,000. 86.30% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 1.4 %

CB traded up $3.03 during midday trading on Tuesday, reaching $226.19. 310,845 shares of the company were exchanged, compared to its average volume of 1,783,887. Chubb Limited has a one year low of $183.40 and a one year high of $231.37. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.30 and a current ratio of 0.30. The company’s fifty day moving average price is $213.75 and its 200 day moving average price is $202.84. The company has a market cap of $92.28 billion, a price-to-earnings ratio of 13.18, a price-to-earnings-growth ratio of 1.14 and a beta of 0.61.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 24th. The financial services provider reported $4.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.21 by $0.74. Chubb had a return on equity of 14.26% and a net margin of 14.58%. The business had revenue of $14.09 billion during the quarter, compared to the consensus estimate of $13.16 billion. As a group, analysts expect that Chubb Limited will post 19.18 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 5th. Investors of record on Friday, December 15th will be given a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date is Thursday, December 14th. Chubb’s payout ratio is currently 20.32%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on CB shares. Barclays upped their price target on shares of Chubb from $260.00 to $267.00 and gave the stock an “overweight” rating in a report on Thursday, July 27th. JMP Securities restated a “market outperform” rating and set a $250.00 price target on shares of Chubb in a report on Wednesday, July 26th. BMO Capital Markets raised their price objective on shares of Chubb from $200.00 to $210.00 in a report on Thursday, July 27th. Royal Bank of Canada reissued an “outperform” rating and set a $245.00 target price on shares of Chubb in a report on Tuesday, August 29th. Finally, StockNews.com raised shares of Chubb from a “hold” rating to a “buy” rating in a research report on Monday, November 13th. Four research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $243.71.

Insider Buying and Selling

In other news, EVP Juan Luis Ortega sold 1,508 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $218.63, for a total value of $329,694.04. Following the completion of the transaction, the executive vice president now directly owns 49,940 shares of the company’s stock, valued at $10,918,382.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Juan Luis Ortega sold 1,508 shares of Chubb stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $218.63, for a total transaction of $329,694.04. Following the sale, the executive vice president now directly owns 49,940 shares in the company, valued at approximately $10,918,382.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO John W. Keogh sold 10,000 shares of the stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $201.01, for a total transaction of $2,010,100.00. Following the transaction, the chief operating officer now owns 265,184 shares of the company’s stock, valued at approximately $53,304,635.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 58,665 shares of company stock worth $12,597,136. 0.37% of the stock is owned by insiders.

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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses.