Chubb Limited (NYSE:CB) Is Favoured by Institutional Owners Who Hold 86% of the Company
Chubb Limited (NYSE:CB) Is Favoured by Institutional Owners Who Hold 86% of the Company
Key Insights
关键见解
- Significantly high institutional ownership implies Chubb's stock price is sensitive to their trading actions
- The top 14 shareholders own 50% of the company
- Insiders have been selling lately
- 高机构所有权意味着安达的股价对其交易行为很敏感
- 前14名股东拥有公司50%的股份
- 业内人士最近一直在抛售
Every investor in Chubb Limited (NYSE:CB) should be aware of the most powerful shareholder groups. With 86% stake, institutions possess the maximum shares in the company. Put another way, the group faces the maximum upside potential (or downside risk).
安达有限公司(纽约证券交易所代码:CB)的每位投资者都应该了解最强大的股东群体。机构拥有86%的股份,是公司的最大股份。换句话说,该集团面临最大的上行潜力(或下行风险)。
Because institutional owners have a huge pool of resources and liquidity, their investing decisions tend to carry a great deal of weight, especially with individual investors. Therefore, a good portion of institutional money invested in the company is usually a huge vote of confidence on its future.
由于机构所有者拥有庞大的资源和流动性,他们的投资决策往往具有很大的分量,尤其是对于个人投资者而言。因此,投资于公司的机构资金中有很大一部分通常是对公司未来的巨大信任票。
In the chart below, we zoom in on the different ownership groups of Chubb.
在下图中,我们放大了安达的不同所有权群体。
What Does The Institutional Ownership Tell Us About Chubb?
机构所有权告诉我们关于安达的什么?
Institutions typically measure themselves against a benchmark when reporting to their own investors, so they often become more enthusiastic about a stock once it's included in a major index. We would expect most companies to have some institutions on the register, especially if they are growing.
机构在向自己的投资者报告时通常会根据基准来衡量自己,因此,一旦股票被纳入主要指数,他们通常会对股票更加热情。我们预计大多数公司都会有一些机构在册,尤其是在它们正在成长的情况下。
As you can see, institutional investors have a fair amount of stake in Chubb. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Chubb's historic earnings and revenue below, but keep in mind there's always more to the story.
如您所见,机构投资者持有安达的相当数量的股份。这可能表明该公司在投资界具有一定程度的信誉。但是,最好谨慎地依赖机构投资者所谓的验证。他们有时也会弄错。当多家机构拥有一只股票时,总是存在处于 “拥挤交易” 的风险。当这样的交易出错时,多方可能会竞相快速出售股票。对于没有增长历史的公司,这种风险更高。你可以在下面看到安达的历史收益和收入,但请记住,故事总是有更多内容。
Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in Chubb. The Vanguard Group, Inc. is currently the largest shareholder, with 9.6% of shares outstanding. BlackRock, Inc. is the second largest shareholder owning 7.3% of common stock, and Capital Research and Management Company holds about 5.7% of the company stock.
投资者应注意,机构实际上拥有公司一半以上的股份,因此它们可以共同行使巨大的权力。对冲基金在安达的股票不多。Vanguard Group, Inc.目前是最大股东,已发行股份的9.6%。贝莱德公司是第二大股东,拥有7.3%的普通股,资本研究与管理公司持有该公司约5.7%的股份。
A closer look at our ownership figures suggests that the top 14 shareholders have a combined ownership of 50% implying that no single shareholder has a majority.
仔细观察我们的所有权数据就会发现,前14名股东的总所有权为50%,这意味着没有一个股东拥有多数股权。
While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are plenty of analysts covering the stock, so it might be worth seeing what they are forecasting, too.
虽然研究公司的机构所有权数据是有意义的,但研究分析师的情绪以了解风向哪个方向吹来也是有意义的。有很多分析师在报道该股,因此可能也值得一看他们的预测。
Insider Ownership Of Chubb
安达的内部所有权
The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it.
不同国家对内部人员的定义可能略有不同,但董事会成员总是计算在内。公司管理层经营业务,但首席执行官将向董事会负责,即使他或她是董事会成员。
I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.
我通常认为内部所有权是一件好事。但是,在某些情况下,这使其他股东更难追究董事会对决策的责任。
Our information suggests that Chubb Limited insiders own under 1% of the company. As it is a large company, we'd only expect insiders to own a small percentage of it. But it's worth noting that they own US$541m worth of shares. It is good to see board members owning shares, but it might be worth checking if those insiders have been buying.
我们的信息表明,安达有限公司内部人士拥有该公司不到1%的股份。由于它是一家大公司,我们只期望内部人士拥有其中的一小部分。但值得注意的是,他们拥有价值5.41亿美元的股票。看到董事会成员拥有股票是件好事,但可能值得检查一下这些内部人士是否在买入。
General Public Ownership
一般公有制
The general public-- including retail investors -- own 13% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.
包括散户投资者在内的公众拥有该公司13%的股份,因此不容忽视。尽管这种所有权规模可能不足以影响对他们有利的政策决定,但它们仍然可以对公司政策产生集体影响。
Next Steps:
后续步骤:
I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Be aware that Chubb is showing 1 warning sign in our investment analysis , you should know about...
我觉得看看究竟谁拥有一家公司非常有趣。但是,要真正获得见解,我们还需要考虑其他信息。请注意,安达在我们的投资分析中显示了1个警告信号,您应该知道...
If you would prefer discover what analysts are predicting in terms of future growth, do not miss this free report on analyst forecasts.
如果你想了解分析师对未来增长的预测,千万不要错过这份关于分析师预测的免费报告。
NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.
注意:本文中的数字是使用过去十二个月的数据计算得出的,这些数据是指截至财务报表日期当月最后一天的12个月期间。这可能与全年年度报告数据不一致。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。