Daiwa Securities Group Inc. Increases Stake in Chubb Limited $CB

Daiwa Securities Group Inc. grew its position in shares of Chubb Limited (NYSE:CB) by 5.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 86,185 shares of the financial services provider’s stock after buying an additional 4,070 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Chubb were worth $26,900,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CB. CBIZ Investment Advisory Services LLC raised its position in Chubb by 148.5% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after buying an additional 49 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in Chubb during the 3rd quarter worth $31,000. Laurel Wealth Advisors LLC purchased a new position in Chubb during the 4th quarter worth $31,000. Ares Financial Consulting LLC purchased a new position in Chubb during the 4th quarter worth $32,000. Finally, Cornerstone Planning Group LLC raised its position in Chubb by 81.5% during the 3rd quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. JPMorgan Chase & Co. upped 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. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Citigroup upped their price target on shares of Chubb from $335.00 to $385.00 and gave the stock a “buy” rating in a research note on Monday, February 9th. Finally, Bank of America lowered their price target on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a research note on Tuesday, April 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $349.90.

Insider Transactions at Chubb

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

Chubb Stock Performance

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

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

Chubb Company Profile

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.