Nomura Holdings Inc. Has $1.86 Million Stake in Chubb Limited (NYSE:CB)

Nomura Holdings Inc. boosted its holdings in Chubb Limited (NYSE:CB) by 234.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,228 shares of the financial services provider’s stock after buying an additional 5,767 shares during the period. Nomura Holdings Inc.’s holdings in Chubb were worth $1,860,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lazard Asset Management LLC grew its position in shares of Chubb by 978.1% during the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after buying an additional 495,860 shares during the period. Alphinity Investment Management Pty Ltd increased its stake in Chubb by 155.8% in the fourth quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock valued at $120,235,000 after purchasing an additional 324,019 shares in the last quarter. ING Groep NV raised its holdings in Chubb by 175,378.1% in the fourth quarter. ING Groep NV now owns 112,306 shares of the financial services provider’s stock worth $25,381,000 after purchasing an additional 112,242 shares during the period. Graypoint LLC raised its holdings in Chubb by 1,275.7% in the fourth quarter. Graypoint LLC now owns 31,599 shares of the financial services provider’s stock worth $7,141,000 after purchasing an additional 29,302 shares during the period. Finally, BKM Wealth Management LLC bought a new position in shares of Chubb during the fourth quarter worth $1,403,000. 83.81% of the stock is owned by institutional investors.

Insider Activity at Chubb

In other news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, COO John W. Keogh sold 34,707 shares of the stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $251.98, for a total value of $8,745,469.86. Following the transaction, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $263.81, for a total transaction of $403,365.49. Following the sale, the chief accounting officer now directly owns 7,718 shares of the company’s stock, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,352 shares of company stock worth $9,968,293. Insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.9 %

CB stock opened at $263.02 on Wednesday. The company has a market cap of $106.80 billion, a price-to-earnings ratio of 11.67, a P/E/G ratio of 6.22 and a beta of 0.66. Chubb Limited has a twelve month low of $183.71 and a twelve month high of $275.41. The business has a 50 day moving average price of $256.62 and a two-hundred day moving average price of $246.69. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The business had revenue of $12.22 billion during the quarter, compared to analysts’ expectations of $11.75 billion. During the same period last year, the business earned $4.41 earnings per share. The firm’s revenue was up 14.1% on a year-over-year basis. Analysts anticipate that Chubb Limited will post 21.19 EPS for the current fiscal year.

Chubb Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 14th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.38%. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date is Friday, June 14th. Chubb’s dividend payout ratio is presently 16.16%.

Analysts Set New Price Targets

Several analysts recently commented on the company. The Goldman Sachs Group raised their price objective on Chubb from $228.00 to $254.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. Keefe, Bruyette & Woods dropped their price target on Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Evercore ISI boosted their price objective on Chubb from $270.00 to $281.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. Roth Mkm restated a “buy” rating and set a $280.00 target price on shares of Chubb in a report on Wednesday, April 24th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $280.00 price target on shares of Chubb in a report on Monday, April 15th. Eleven 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 company’s stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and an average target price of $266.70.

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.