TD Waterhouse Canada Inc. Raises Holdings in Chubb Limited (NYSE:CB)

TD Waterhouse Canada Inc. lifted its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 20.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,758 shares of the financial services provider's stock after buying an additional 10,469 shares during the quarter. TD Waterhouse Canada Inc.'s holdings in Chubb were worth $16,792,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Barclays PLC lifted its holdings in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after purchasing an additional 388,746 shares in the last quarter. Invst LLC lifted its stake in Chubb by 6.0% in the third quarter. Invst LLC now owns 915 shares of the financial services provider's stock valued at $264,000 after buying an additional 52 shares in the last quarter. Boyar Asset Management Inc. lifted its stake in Chubb by 3.8% in the third quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider's stock valued at $804,000 after buying an additional 102 shares in the last quarter. World Investment Advisors LLC boosted its holdings in shares of Chubb by 895.5% in the third quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider's stock valued at $9,281,000 after buying an additional 28,950 shares during the period. Finally, Sfmg LLC increased its position in shares of Chubb by 2.4% during the third quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock worth $485,000 after acquiring an additional 40 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 over the last quarter. 0.86% of the stock is currently owned by corporate insiders.

Chubb Trading Down 0.8 %

CB traded down $2.39 during midday trading on Thursday, reaching $282.10. 1,964,136 shares of the company's stock traded hands, compared to its average volume of 1,627,853. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock has a market capitalization of $113.03 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 3.36 and a beta of 0.47. The firm has a fifty day moving average of $286.14 and a two-hundred day moving average of $281.13. Chubb Limited has a 52 week low of $242.25 and a 52 week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. On average, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.29%. Chubb's dividend payout ratio (DPR) is 16.02%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CB shares. Wells Fargo & Company boosted their price target on Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a report on Thursday. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a research note on Wednesday, March 5th. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Raymond James reaffirmed a "strong-buy" rating on shares of Chubb in a report on Thursday. Finally, Barclays cut their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $307.79.

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.