US Bancorp DE raised its stake in shares of Chubb Corp. (NYSE:CB) by 2.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 890,890 shares of the company’s stock after buying an additional 17,619 shares during the period. US Bancorp DE owned approximately 0.19% of Chubb Corp. worth $111,940,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Evercore Wealth Management LLC boosted its position in shares of Chubb Corp. by 0.4% in the second quarter. Evercore Wealth Management LLC now owns 431,640 shares of the company’s stock valued at $56,420,000 after buying an additional 1,671 shares during the period. MD Sass Investors Services Inc. boosted its position in shares of Chubb Corp. by 16.0% in the second quarter. MD Sass Investors Services Inc. now owns 616,603 shares of the company’s stock valued at $80,591,000 after buying an additional 85,250 shares during the period. Cincinnati Financial Corp boosted its position in shares of Chubb Corp. by 42.1% in the second quarter. Cincinnati Financial Corp now owns 242,902 shares of the company’s stock valued at $31,750,000 after buying an additional 72,000 shares during the period. Cooke & Bieler LP boosted its position in shares of Chubb Corp. by 37.7% in the second quarter. Cooke & Bieler LP now owns 583,427 shares of the company’s stock valued at $76,260,000 after buying an additional 159,607 shares during the period. Finally, Adage Capital Partners GP L.L.C. boosted its position in shares of Chubb Corp. by 12.5% in the second quarter. Adage Capital Partners GP L.L.C. now owns 728,497 shares of the company’s stock valued at $95,222,000 after buying an additional 81,158 shares during the period. 85.22% of the stock is owned by institutional investors.

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

Chubb Corp. (NYSE:CB) opened at 126.76 on Tuesday. The firm’s 50-day moving average price is $125.41 and its 200-day moving average price is $126.15. The company has a market cap of $58.99 billion, a PE ratio of 16.98 and a beta of 0.86. Chubb Corp. has a one year low of $106.82 and a one year high of $131.00.

Chubb Corp. (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 25th. The company reported $2.88 earnings per share for the quarter, topping the consensus estimate of $2.58 by $0.30. Chubb Corp. had a return on equity of 9.88% and a net margin of 11.20%. The business earned $7.57 billion during the quarter, compared to the consensus estimate of $7.36 billion. During the same period in the prior year, the company earned $2.37 EPS. Chubb Corp.’s revenue for the quarter was down 4.0% on a year-over-year basis. On average, equities research analysts forecast that Chubb Corp. will post $9.79 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Friday, December 30th will be given a $0.69 dividend. This represents a $2.76 annualized dividend 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 analyst reports. Zacks Investment Research cut Chubb Corp. from a “hold” rating to a “sell” rating in a report on Wednesday, August 24th. Credit Suisse Group AG set a $136.00 price objective on Chubb Corp. and gave the company a “buy” rating in a report on Monday, September 12th. Barclays PLC lifted their price objective on Chubb Corp. from $133.00 to $139.00 and gave the company an “overweight” rating in a report on Friday, September 30th. Finally, Goldman Sachs Group Inc. cut Chubb Corp. from a “buy” rating to a “neutral” rating and cut their price objective for the company from $140.00 to $133.00 in a report on Tuesday, November 15th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $133.53.

In other news, 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 sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director David H. Sidwell purchased 830 shares of the firm’s stock in a transaction dated Monday, September 26th. The stock was bought at an average cost of $124.90 per share, with a total value of $103,667.00. Following the purchase, the director now owns 7,386 shares of the company’s stock, valued at approximately $922,511.40. The disclosure for this purchase can be found here. 0.43% of the stock is owned by company insiders.

About Chubb Corp.

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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