Trade Report: Today, Chubb Corp. (CB) Stake Raised by Pillar Pacific Capital Management LLC

Today, Chubb Corp. (CB) Stake Raised by Pillar Pacific Capital Management LLC

Pillar Pacific Capital Management LLC raised its position in Chubb Corp. (NYSE:CB) by 0.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 22,960 shares of the company’s stock after buying an additional 178 shares during the period. Pillar Pacific Capital Management LLC’s holdings in Chubb Corp. were worth $2,885,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CB. Pathstone Family Office LLC raised its stake in Chubb Corp. by 47.8% in the second quarter. Pathstone Family Office LLC now owns 773 shares of the company’s stock valued at $101,000 after buying an additional 250 shares during the period. Motco raised its stake in Chubb Corp. by 3.5% in the second quarter. Motco now owns 915 shares of the company’s stock worth $120,000 after buying an additional 31 shares during the last quarter. Enterprise Financial Services Corp raised its stake in Chubb Corp. by 1.8% in the third quarter. Enterprise Financial Services Corp now owns 941 shares of the company’s stock worth $118,000 after buying an additional 17 shares during the last quarter. FNY Managed Accounts LLC raised its stake in Chubb Corp. by 31.6% in the second quarter. FNY Managed Accounts LLC now owns 987 shares of the company’s stock worth $129,000 after buying an additional 237 shares during the last quarter. Finally, Global X Management Co. LLC raised its stake in Chubb Corp. by 207.4% in the second quarter. Global X Management Co. LLC now owns 993 shares of the company’s stock worth $130,000 after buying an additional 670 shares during the last quarter. 86.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Chubb Corp. (NYSE:CB) traded down 0.03% during midday trading on Friday, hitting $126.65. The company had a trading volume of 534,232 shares. Chubb Corp. has a one year low of $106.82 and a one year high of $131.00. The firm has a market cap of $58.94 billion, a price-to-earnings ratio of 16.97 and a beta of 0.86. The company’s 50 day moving average is $125.15 and its 200 day moving average is $126.09.

Chubb Corp. (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 25th. The company reported $2.88 earnings per share for the quarter, beating analysts’ consensus estimates 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 had revenue of $7.57 billion for the quarter, compared to the consensus estimate of $7.36 billion. During the same quarter in the previous year, the company posted $2.37 earnings per share. Chubb Corp.’s revenue for the quarter was down 4.0% compared to the same quarter last year. Equities analysts forecast that Chubb Corp. will post $9.79 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 20th. Stockholders of record on Friday, December 30th will be issued a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 2.18%. Chubb Corp.’s dividend payout ratio is 36.90%.

A number of research firms recently commented on CB. Zacks Investment Research lowered Chubb Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, September 6th. Morgan Stanley increased their price objective on Chubb Corp. from $136.00 to $140.00 and gave the company an “overweight” rating in a research note on Thursday, July 28th. Citigroup Inc. began coverage on Chubb Corp. in a research note on Tuesday. They set a “buy” rating on the stock. Goldman Sachs Group Inc. lowered Chubb Corp. from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $140.00 to $133.00 in a research note on Tuesday, November 15th. Finally, William Blair lowered Chubb Corp. from a “market perform” rating to an “underperform” rating in a research note on Thursday, November 17th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and twelve have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $132.07.

In other news, EVP Sean Ringsted sold 4,000 shares of Chubb Corp. stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $126.50, for a total transaction of $506,000.00. Following the transaction, the executive vice president now owns 150,192 shares in the company, valued at $18,999,288. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director David H. Sidwell purchased 830 shares of the stock in a transaction dated Monday, September 26th. The shares were acquired at an average price of $124.90 per share, for a total transaction of $103,667.00. Following the acquisition, the director now directly owns 7,386 shares of the company’s stock, valued at approximately $922,511.40. The disclosure for this purchase can be found here. Insiders own 0.43% of the company’s stock.

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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