Chubb Limited (NYSE:CB) Stock Holdings Increased by Rathbones Group PLC

Rathbones Group PLC boosted its holdings in Chubb Limited (NYSE:CB) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 334,223 shares of the financial services provider’s stock after purchasing an additional 320 shares during the quarter. Rathbones Group PLC owned approximately 0.08% of Chubb worth $92,346,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Twin Capital Management Inc. raised its position in shares of Chubb by 13.1% during the 4th quarter. Twin Capital Management Inc. now owns 15,200 shares of the financial services provider’s stock worth $4,200,000 after purchasing an additional 1,762 shares during the period. Invesco Ltd. grew its stake in Chubb by 6.6% during the 4th quarter. Invesco Ltd. now owns 2,599,581 shares of the financial services provider’s stock worth $718,264,000 after buying an additional 161,766 shares during the last quarter. Sierra Summit Advisors LLC lifted its stake in Chubb by 25.0% in the fourth quarter. Sierra Summit Advisors LLC now owns 6,361 shares of the financial services provider’s stock valued at $1,758,000 after buying an additional 1,274 shares during the last quarter. FMR LLC lifted its position in Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider’s stock valued at $4,329,173,000 after purchasing an additional 91,892 shares during the last quarter. Finally, Federated Hermes Inc. raised its holdings in shares of Chubb by 0.5% during the fourth quarter. Federated Hermes Inc. now owns 295,231 shares of the financial services provider’s stock valued at $81,572,000 after buying an additional 1,391 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Transactions at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 12,231 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now owns 78,422 shares of the company’s stock, valued at $23,120,374.04. This trade represents a 13.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 over the last 90 days. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of several recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research report on Wednesday, March 5th. Wells Fargo & Company cut their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $303.14.

Chubb Stock Performance

Shares of Chubb stock opened at $280.74 on Monday. Chubb Limited has a one year low of $238.85 and a one year high of $306.91. The company has a 50-day simple moving average of $282.25 and a two-hundred day simple moving average of $281.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market capitalization of $112.41 billion, a PE ratio of 12.36, a P/E/G ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping 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%. Research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

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

About Chubb

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.