Capital International Investors grew its position in shares of Chubb Ltd (NYSE:CB) by 0.1% during the 4th quarter, Holdings Channel reports. The firm owned 20,863,408 shares of the financial services provider’s stock after purchasing an additional 28,838 shares during the period. Chubb comprises 1.1% of Capital International Investors’ investment portfolio, making the stock its 22nd largest position. Capital International Investors’ holdings in Chubb were worth $3,247,597,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the company. Simon Quick Advisors LLC boosted its stake in shares of Chubb by 709.5% during the 4th quarter. Simon Quick Advisors LLC now owns 170 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 149 shares in the last quarter. Retirement Network bought a new stake in shares of Chubb during the 4th quarter worth $29,000. Busey Wealth Management bought a new stake in shares of Chubb during the 4th quarter worth $30,000. Ancora Advisors LLC bought a new stake in shares of Chubb during the 4th quarter worth $38,000. Finally, Keebeck Wealth Management LLC bought a new stake in shares of Chubb during the 4th quarter worth $40,000. Institutional investors own 88.83% of the company’s stock.
Several equities research analysts have recently weighed in on the company. Atlantic Securities raised Chubb from an “underweight” rating to a “neutral” rating and set a $130.00 price objective for the company in a research note on Tuesday. Goldman Sachs Group cut Chubb from a “neutral” rating to a “sell” rating and decreased their target price for the stock from $159.00 to $147.00 in a research report on Tuesday, January 7th. TheStreet cut Chubb from a “b” rating to a “c+” rating in a research report on Monday. Morgan Stanley raised their target price on Chubb from $157.00 to $168.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 6th. Finally, Piper Sandler decreased their target price on Chubb from $163.00 to $145.00 and set a “neutral” rating for the company in a research report on Wednesday, March 11th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. Chubb presently has an average rating of “Hold” and a consensus price target of $159.85.
In other news, Director Theodore Shasta acquired 2,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price of $99.74 per share, with a total value of $199,480.00. Following the completion of the transaction, the director now owns 16,375 shares in the company, valued at $1,633,242.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CAO Paul Bennett Medini sold 3,982 shares of Chubb stock in a transaction on Friday, February 7th. The shares were sold at an average price of $163.41, for a total value of $650,698.62. The disclosure for this sale can be found here. 0.47% of the stock is currently owned by company insiders.
Shares of Chubb stock traded up $5.99 during midday trading on Thursday, hitting $107.79. The company’s stock had a trading volume of 1,371,186 shares, compared to its average volume of 3,471,168. The firm has a market capitalization of $46.48 billion, a P/E ratio of 11.11, a PEG ratio of 0.94 and a beta of 0.63. The stock has a 50-day simple moving average of $143.14 and a 200-day simple moving average of $151.41. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.25. Chubb Ltd has a 1-year low of $87.35 and a 1-year high of $167.74.
Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, February 4th. The financial services provider reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.10 by $0.18. The firm had revenue of $7.38 billion during the quarter, compared to analysts’ expectations of $7.24 billion. Chubb had a return on equity of 8.59% and a net margin of 12.61%. The business’s revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.02 earnings per share. As a group, sell-side analysts predict that Chubb Ltd will post 10.93 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Friday, March 20th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, March 19th. This represents a $3.00 dividend on an annualized basis and a yield of 2.78%. Chubb’s payout ratio is 29.67%.
Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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