TD Asset Management Inc Sells 13,434 Shares of Chubb Limited $CB

TD Asset Management Inc reduced its stake in Chubb Limited (NYSE:CB) by 4.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 263,720 shares of the financial services provider’s stock after selling 13,434 shares during the period. TD Asset Management Inc’s holdings in Chubb were worth $82,312,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Sivia Capital Partners LLC boosted its position in shares of Chubb by 149.6% in the 4th quarter. Sivia Capital Partners LLC now owns 9,252 shares of the financial services provider’s stock worth $2,888,000 after purchasing an additional 5,545 shares during the last quarter. Disciplined Investors L.L.C. lifted its holdings in Chubb by 333.3% during the fourth quarter. Disciplined Investors L.L.C. now owns 4,233 shares of the financial services provider’s stock worth $1,321,000 after acquiring an additional 3,256 shares in the last quarter. Transatlantique Private Wealth LLC lifted its holdings in Chubb by 2.4% during the fourth quarter. Transatlantique Private Wealth LLC now owns 5,378 shares of the financial services provider’s stock worth $1,639,000 after acquiring an additional 126 shares in the last quarter. Avestar Capital LLC lifted its holdings in Chubb by 6.5% during the fourth quarter. Avestar Capital LLC now owns 3,478 shares of the financial services provider’s stock worth $1,087,000 after acquiring an additional 213 shares in the last quarter. Finally, Phillips Wealth Planners LLC lifted its holdings in Chubb by 1.8% during the fourth quarter. Phillips Wealth Planners LLC now owns 1,737 shares of the financial services provider’s stock worth $521,000 after acquiring an additional 31 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Wells Fargo & Company lifted their target price on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a report on Thursday, April 23rd. Bank of America reduced their target price on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Deutsche Bank Aktiengesellschaft lifted their target price on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Citizens Jmp lifted their target price on Chubb from $350.00 to $365.00 and gave the stock a “market outperform” rating in a report on Wednesday, April 22nd. Finally, JPMorgan Chase & Co. increased their price objective on shares of Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Two investment 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $349.90.

Chubb Stock Performance

Shares of Chubb stock opened at $326.82 on Friday. The firm has a market cap of $126.76 billion, a price-to-earnings ratio of 11.54, a price-to-earnings-growth ratio of 1.61 and a beta of 0.41. The stock’s 50-day moving average is $324.69 and its 200-day moving average is $317.87. Chubb Limited has a one year low of $264.10 and a one year high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28.

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

Insider Activity

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

About Chubb

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.