Chubb Limited (NYSE:CB) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Chubb Limited (NYSE:CB) by 5.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,150,039 shares of the financial services provider’s stock after purchasing an additional 56,426 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.29% of Chubb worth $317,756,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Grantham Mayo Van Otterloo & Co. LLC bought a new position in shares of Chubb during the fourth quarter worth about $3,177,000. Dynamic Technology Lab Private Ltd acquired a new position in Chubb during the 4th quarter valued at about $297,000. KCM Investment Advisors LLC grew its position in Chubb by 1.8% in the 4th quarter. KCM Investment Advisors LLC now owns 16,627 shares of the financial services provider’s stock worth $4,594,000 after purchasing an additional 299 shares during the last quarter. Unison Advisors LLC increased its stake in shares of Chubb by 0.3% in the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider’s stock valued at $3,742,000 after purchasing an additional 41 shares during the period. Finally, Annis Gardner Whiting Capital Advisors LLC raised its holdings in shares of Chubb by 15.3% during the fourth quarter. Annis Gardner Whiting Capital Advisors LLC now owns 527 shares of the financial services provider’s stock valued at $146,000 after buying an additional 70 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Down 7.2 %

NYSE:CB opened at $280.74 on Friday. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $306.91. The firm has a market capitalization of $112.41 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 3.36 and a beta of 0.66. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business’s fifty day moving average price is $282.25 and its 200 day moving average price is $281.75.

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

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CB shares. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Piper Sandler raised their price target on Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. Wells Fargo & Company reduced their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and an average price target of $303.14.

Insider Activity

In other news, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 12,231 shares of the business’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the sale, the executive vice president now directly owns 78,422 shares of the company’s stock, valued at approximately $23,120,374.04. The trade was a 13.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Chubb Company 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.