Donaldson Capital Management LLC Cuts Position in Chubb Limited (NYSE:CB)

Donaldson Capital Management LLC trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 10.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 831 shares of the financial services provider’s stock after selling 101 shares during the quarter. Donaldson Capital Management LLC’s holdings in Chubb were worth $215,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of CB. ZRC Wealth Management LLC acquired a new position in shares of Chubb during the 4th quarter valued at $29,000. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Chubb during the 4th quarter valued at about $29,000. Tennessee Valley Asset Management Partners purchased a new stake in shares of Chubb during the 4th quarter valued at about $32,000. Northwest Financial Advisors acquired a new position in Chubb during the 4th quarter worth approximately $33,000. Finally, Naples Money Management LLC purchased a new position in Chubb in the 4th quarter worth approximately $34,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on CB shares. TD Cowen assumed coverage on shares of Chubb in a research report on Wednesday, January 10th. They set a “market perform” rating and a $254.00 target price on the stock. HSBC reiterated a “hold” rating and issued a $270.00 price objective (down previously from $275.00) on shares of Chubb in a report on Thursday, April 4th. Morgan Stanley boosted their price target on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research note on Monday, April 15th. Wells Fargo & Company raised their price objective on Chubb from $234.00 to $255.00 and gave the company an “equal weight” rating in a research note on Thursday, February 1st. Finally, JMP Securities restated a “market outperform” rating and set a $280.00 price objective on shares of Chubb in a report on Monday, April 15th. Ten investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $266.89.

Chubb Stock Performance

Shares of NYSE CB traded down $0.51 during mid-day trading on Friday, hitting $245.45. The company had a trading volume of 1,565,900 shares, compared to its average volume of 1,523,435. The stock has a market cap of $99.65 billion, a price-to-earnings ratio of 10.89, a PEG ratio of 1.16 and a beta of 0.62. The firm’s 50 day simple moving average is $252.33 and its two-hundred day simple moving average is $235.52. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.35 and a quick ratio of 0.29. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 EPS for the quarter, topping the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion during the quarter, compared to analyst estimates of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $4.41 earnings per share. As a group, equities research analysts forecast that Chubb Limited will post 21.23 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.40%. Chubb’s dividend payout ratio (DPR) is presently 15.27%.

Insider Transactions at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 116,043 shares of company stock worth $29,766,694. Company insiders own 0.86% of the company’s stock.

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.