QCI Asset Management Inc. NY lowered its position in Chubb Corp. (NYSE:CB) by 0.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 101,426 shares of the company’s stock after selling 177 shares during the period. QCI Asset Management Inc. NY’s holdings in Chubb Corp. were worth $12,744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. raised its position in Chubb Corp. by 64.9% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,090 shares of the company’s stock worth $1,799,000 after buying an additional 5,939 shares during the last quarter. Phocas Financial Corp. purchased a new position in Chubb Corp. during the first quarter worth about $4,294,000. Fulton Bank N.A. raised its position in Chubb Corp. by 4.9% in the second quarter. Fulton Bank N.A. now owns 15,801 shares of the company’s stock worth $2,065,000 after buying an additional 731 shares during the last quarter. First American Trust FSB purchased a new position in Chubb Corp. during the second quarter worth about $4,793,000. Finally, Integrated Investment Consultants LLC raised its position in Chubb Corp. by 14.5% in the second quarter. Integrated Investment Consultants LLC now owns 1,011 shares of the company’s stock worth $132,000 after buying an additional 128 shares during the last quarter. 85.22% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Chubb Corp. (NYSE:CB)

Shares of Chubb Corp. (NYSE:CB) traded up 1.21% during midday trading on Tuesday, reaching $128.30. The company’s stock had a trading volume of 724,197 shares. The company has a market cap of $59.70 billion, a price-to-earnings ratio of 17.19 and a beta of 0.86. The stock has a 50-day moving average of $125.41 and a 200 day moving average of $126.15. Chubb Corp. has a 12 month low of $106.82 and a 12 month high of $131.00.

Chubb Corp. (NYSE:CB) last released its earnings results on Tuesday, October 25th. The company reported $2.88 earnings per share for the quarter, topping analysts’ consensus estimates of $2.58 by $0.30. The company 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.37 earnings per share. On average, analysts predict that Chubb Corp. will post $9.79 earnings per share for the current fiscal year.

The business also recently disclosed 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 2.18%. Chubb Corp.’s dividend payout ratio is presently 36.90%.

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CB has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Chubb Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, August 24th. Credit Suisse Group AG set a $136.00 price target on Chubb Corp. and gave the company a “buy” rating in a research report on Monday, September 12th. Barclays PLC increased their price target on Chubb Corp. from $133.00 to $139.00 and gave the company an “overweight” rating in a research report on Friday, September 30th. Finally, Goldman Sachs Group Inc. lowered Chubb Corp. from a “buy” rating to a “neutral” rating and decreased their price target for the company from $140.00 to $133.00 in a research report on Tuesday, November 15th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $133.53.

In other Chubb Corp. news, Director David H. Sidwell purchased 830 shares of the stock in a transaction on Monday, September 26th. The stock was bought at an average cost of $124.90 per share, for a total transaction 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 $922,511.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Sean Ringsted sold 4,000 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $126.50, for a total value of $506,000.00. Following the completion of the sale, the executive vice president now owns 150,192 shares of the company’s stock, valued at $18,999,288. The disclosure for this sale can be found here. 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.

5 Day Chart for NYSE:CB

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