Tower Research Capital LLC TRC grew its holdings in shares of Chubb Ltd (NYSE:CB) by 1,901.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,744 shares of the financial services provider’s stock after purchasing an additional 4,507 shares during the quarter. Tower Research Capital LLC TRC’s holdings in Chubb were worth $694,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. WCM Investment Management CA grew its stake in Chubb by 105.1% in the 3rd quarter. WCM Investment Management CA now owns 11,137,460 shares of the financial services provider’s stock valued at $1,587,644,000 after buying an additional 5,707,734 shares during the last quarter. APG Asset Management N.V. grew its stake in Chubb by 247.8% in the 4th quarter. APG Asset Management N.V. now owns 1,678,420 shares of the financial services provider’s stock valued at $204,253,000 after buying an additional 1,195,771 shares during the last quarter. Sound Shore Management Inc. CT acquired a new position in Chubb in the 3rd quarter valued at $138,481,000. CI Global Investments Inc. grew its stake in Chubb by 175.1% in the 4th quarter. CI Global Investments Inc. now owns 887,243 shares of the financial services provider’s stock valued at $129,653,000 after buying an additional 564,747 shares during the last quarter. Finally, BlackRock Inc. grew its stake in Chubb by 1.5% in the 4th quarter. BlackRock Inc. now owns 30,206,383 shares of the financial services provider’s stock valued at $4,414,057,000 after buying an additional 435,621 shares during the last quarter. Institutional investors and hedge funds own 86.10% of the company’s stock.
In related news, CEO Evan G. Greenberg sold 95,761 shares of Chubb stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $145.56, for a total transaction of $13,938,971.16. Following the completion of the transaction, the chief executive officer now directly owns 1,367,229 shares of the company’s stock, valued at approximately $199,013,853.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Timothy Alan Boroughs sold 18,611 shares of Chubb stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $151.22, for a total transaction of $2,814,355.42. Following the transaction, the insider now directly owns 201,165 shares of the company’s stock, valued at $30,420,171.30. The disclosure for this sale can be found here. 0.43% of the stock is currently owned by company insiders.
Chubb Ltd (NYSE:CB) opened at $147.00 on Tuesday. The company has a market cap of $68,240.00, a PE ratio of 17.95, a PEG ratio of 1.37 and a beta of 0.95. Chubb Ltd has a 1-year low of $133.82 and a 1-year high of $157.50. The company has a current ratio of 0.29, a quick ratio of 0.30 and a debt-to-equity ratio of 0.23.
Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $3.17 EPS for the quarter, topping analysts’ consensus estimates of $2.31 by $0.86. The company had revenue of $7.05 billion during the quarter, compared to the consensus estimate of $6.64 billion. Chubb had a net margin of 11.87% and a return on equity of 7.52%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $2.72 EPS. research analysts anticipate that Chubb Ltd will post 10.76 earnings per share for the current fiscal year.
Chubb declared that its Board of Directors has initiated a stock repurchase plan on Thursday, December 21st that permits the company to buyback $1.00 billion in shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company’s leadership believes its stock is undervalued.
TRADEMARK VIOLATION WARNING: This report was first posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another publication, it was stolen and reposted in violation of United States and international trademark and copyright law. The original version of this report can be viewed at https://www.com-unik.info/2018/02/20/tower-research-capital-llc-trc-acquires-4507-shares-of-chubb-ltd-cb.html.
Chubb Company Profile
Chubb Limited is a holding company. The Company, through its subsidiaries, provides a range of insurance and reinsurance products and services to clients around the world. Its segments include North America Commercial property and casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance and Life Insurance.
Want to see what other hedge funds are holding CB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Chubb Ltd (NYSE:CB).
Receive News & Ratings for Chubb Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chubb and related companies with MarketBeat.com's FREE daily email newsletter.