Tower Research Capital LLC TRC Has $5.98 Million Holdings in Chubb Limited (NYSE:CB)

Tower Research Capital LLC TRC cut its holdings in shares of Chubb Limited (NYSE:CB) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,625 shares of the financial services provider’s stock after selling 1,512 shares during the period. Tower Research Capital LLC TRC’s holdings in Chubb were worth $5,975,000 as of its most recent filing with the Securities and Exchange Commission.

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

Insiders Place Their Bets

In related news, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 over the last three months. Insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.1 %

CB stock opened at $285.29 on Monday. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $306.91. The business’s 50 day simple moving average is $284.62 and its 200 day simple moving average is $281.08. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $114.31 billion, a PE ratio of 12.56, a PEG ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.28%. Chubb’s dividend payout ratio is currently 16.02%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company lowered their price target on shares of Chubb from $271.00 to $268.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 10th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods dropped their target price on Chubb from $329.00 to $316.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $307.21.

About Chubb

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.