Chubb Limited (NYSE:CB) Stock Position Decreased by DnB Asset Management AS

DnB Asset Management AS decreased its holdings in shares of Chubb Limited (NYSE:CB) by 11.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 495,001 shares of the financial services provider’s stock after selling 66,533 shares during the quarter. Chubb makes up approximately 0.6% of DnB Asset Management AS’s holdings, making the stock its 26th biggest holding. DnB Asset Management AS owned 0.12% of Chubb worth $136,769,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Level Four Advisory Services LLC boosted its stake in Chubb by 0.4% during the 4th quarter. Level Four Advisory Services LLC now owns 13,132 shares of the financial services provider’s stock valued at $3,629,000 after purchasing an additional 49 shares during the period. Orion Portfolio Solutions LLC raised its holdings in Chubb by 2.5% during the fourth quarter. Orion Portfolio Solutions LLC now owns 39,355 shares of the financial services provider’s stock valued at $10,874,000 after buying an additional 961 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Chubb by 0.5% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 260,483 shares of the financial services provider’s stock valued at $71,971,000 after buying an additional 1,289 shares during the last quarter. New Age Alpha Advisors LLC boosted its holdings in Chubb by 43,904.9% during the fourth quarter. New Age Alpha Advisors LLC now owns 45,325 shares of the financial services provider’s stock valued at $12,523,000 after acquiring an additional 45,222 shares during the period. Finally, Norges Bank acquired a new stake in shares of Chubb in the fourth quarter valued at about $1,169,720,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 1.1 %

CB stock opened at $298.71 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock has a market capitalization of $119.61 billion, a P/E ratio of 13.15, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The business has a 50-day moving average of $278.72 and a 200-day moving average of $281.47.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.22%. Chubb’s dividend payout ratio is presently 16.02%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CB. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods upped their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a report on Wednesday, March 5th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $301.00.

Insider Activity at Chubb

In other news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at $170,321,922.75. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,470 shares of company stock worth $18,562,730. Insiders own 0.86% of the company’s stock.

Chubb Profile

Chubb Limited provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, casualty, workers' compensation, package policies, risk management, financial lines, marine, construction, environmental, medical risk, cyber risk, surety, and casualty; and group accident and health insurance to large, middle market, and small commercial businesses.