Nomura Asset Management Co. Ltd. Increases Stake in Chubb Limited (NYSE:CB)

Nomura Asset Management Co. Ltd. lifted its position in Chubb Limited (NYSE:CB - Free Report) by 1.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 259,194 shares of the financial services provider's stock after purchasing an additional 4,228 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.06% of Chubb worth $74,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Partners LLC bought a new stake in Chubb in the 2nd quarter valued at $963,000. Moloney Securities Asset Management LLC lifted its position in shares of Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider's stock worth $1,111,000 after buying an additional 1,905 shares in the last quarter. Private Advisor Group LLC boosted its stake in Chubb by 21.2% during the second quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider's stock valued at $3,279,000 after buying an additional 2,250 shares during the last quarter. Savvy Advisors Inc. purchased a new position in Chubb during the 3rd quarter valued at approximately $721,000. Finally, Raymond James & Associates increased its stake in Chubb by 2.9% in the 2nd quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider's stock worth $778,270,000 after acquiring an additional 87,059 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

CB stock traded down $5.16 during midday trading on Monday, reaching $278.16. The stock had a trading volume of 910,848 shares, compared to its average volume of 1,594,364. Chubb Limited has a 52-week low of $216.90 and a 52-week high of $302.05. The company has a market cap of $112.13 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 6.59 and a beta of 0.67. The company's fifty day simple moving average is $286.88 and its 200 day simple moving average is $276.48. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts' consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the prior year, the firm earned $4.95 EPS. Chubb's quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts predict that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a $0.91 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.31%. Chubb's payout ratio is presently 14.91%.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent research reports. Barclays began coverage on shares of Chubb in a research note on Wednesday, September 4th. They set an "overweight" rating and a $349.00 price target on the stock. Bank of America lifted their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a research note on Thursday, October 10th. Wells Fargo & Company lifted their target price on Chubb from $266.00 to $268.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 30th. Finally, JMP Securities upped their target price on Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of "Hold" and a consensus target price of $287.37.

Chubb 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.