Randolph Co Inc Has $18,864,000 Position in Chubb Corp. (CB)
Randolph Co Inc held its stake in shares of Chubb Corp. (NYSE:CB) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 150,128 shares of the company’s stock at the end of the third quarter. Chubb Corp. makes up approximately 4.8% of Randolph Co Inc’s portfolio, making the stock its 9th largest position. Randolph Co Inc’s holdings in Chubb Corp. were worth $18,864,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of CB. Bremer Trust National Association boosted its stake in shares of Chubb Corp. by 33.7% in the third quarter. Bremer Trust National Association now owns 3,648 shares of the company’s stock worth $458,000 after buying an additional 919 shares during the period. First American Bank boosted its stake in shares of Chubb Corp. by 1.7% in the third quarter. First American Bank now owns 27,412 shares of the company’s stock worth $3,445,000 after buying an additional 451 shares during the period. Liberty Capital Management Inc. boosted its stake in shares of Chubb Corp. by 18.8% in the third quarter. Liberty Capital Management Inc. now owns 16,967 shares of the company’s stock worth $2,087,000 after buying an additional 2,689 shares during the period. Telemus Capital LLC boosted its stake in shares of Chubb Corp. by 4.5% in the third quarter. Telemus Capital LLC now owns 35,493 shares of the company’s stock worth $4,460,000 after buying an additional 1,537 shares during the period. Finally, Park National Corp OH boosted its stake in shares of Chubb Corp. by 2.2% in the third quarter. Park National Corp OH now owns 150,344 shares of the company’s stock worth $18,891,000 after buying an additional 3,270 shares during the period. 87.08% of the stock is currently owned by institutional investors.
Chubb Corp. (NYSE:CB) traded up 0.77% on Friday, hitting $126.30. 1,989,656 shares of the stock were exchanged. The stock has a market cap of $58.77 billion, a price-to-earnings ratio of 16.92 and a beta of 0.86. The company has a 50-day moving average of $124.84 and a 200-day moving average of $125.64. Chubb Corp. has a 12 month low of $106.82 and a 12 month high of $131.00.
Chubb Corp. (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 25th. The company reported $2.88 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.58 by $0.30. The firm earned $7.57 billion during the quarter, compared to the consensus estimate of $7.36 billion. Chubb Corp. had a return on equity of 9.88% and a net margin of 11.20%. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.37 earnings per share. On average, equities analysts predict that Chubb Corp. will post $9.79 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Investors of record on Friday, December 30th will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 2.19%. Chubb Corp.’s dividend payout ratio (DPR) is 36.90%.
A number of brokerages have commented on CB. Zacks Investment Research cut shares of Chubb Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, September 6th. Morgan Stanley upped their price objective on shares of Chubb Corp. from $136.00 to $140.00 and gave the company an “overweight” rating in a report on Thursday, July 28th. Goldman Sachs Group Inc. lowered shares of Chubb Corp. from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $140.00 to $133.00 in a report on Tuesday, November 15th. Barclays PLC reiterated a “buy” rating on shares of Chubb Corp. in a report on Friday. Finally, William Blair lowered shares of Chubb Corp. from a “market perform” rating to an “underperform” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company’s stock. Chubb Corp. currently has an average rating of “Buy” and an average target price of $132.07.
In other Chubb Corp. news, Director David H. Sidwell purchased 830 shares of the stock in a transaction that occurred on Monday, September 26th. The stock was purchased at an average cost of $124.90 per share, with a total value of $103,667.00. Following the completion of the acquisition, the director now directly owns 7,386 shares of the company’s stock, valued at approximately $922,511.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.43% of the stock is owned by corporate insiders.
Chubb Corp. Company Profile
Chubb Limited (Chubb), formerly ACE Limited, is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products to insureds across the world. The Company’s segments include North America Commercial P&C Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
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