Twin Capital Management Inc. Increases Position in Chubb Limited (NYSE:CB)

Twin Capital Management Inc. lifted its holdings in shares of Chubb Limited (NYSE:CB) by 13.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,200 shares of the financial services provider’s stock after acquiring an additional 1,762 shares during the quarter. Twin Capital Management Inc.’s holdings in Chubb were worth $4,200,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Invesco Ltd. increased its holdings in Chubb by 6.6% in the 4th quarter. Invesco Ltd. now owns 2,599,581 shares of the financial services provider’s stock worth $718,264,000 after acquiring an additional 161,766 shares during the last quarter. Sierra Summit Advisors LLC increased its stake in shares of Chubb by 25.0% in the fourth quarter. Sierra Summit Advisors LLC now owns 6,361 shares of the financial services provider’s stock worth $1,758,000 after purchasing an additional 1,274 shares in the last quarter. FMR LLC lifted its stake in shares of Chubb by 0.6% during 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 buying an additional 91,892 shares in the last quarter. Federated Hermes Inc. boosted its holdings in Chubb by 0.5% in the 4th quarter. Federated Hermes Inc. now owns 295,231 shares of the financial services provider’s stock worth $81,572,000 after buying an additional 1,391 shares during the period. Finally, Titleist Asset Management LLC grew its stake in Chubb by 13.9% in the 4th quarter. Titleist Asset Management LLC now owns 1,236 shares of the financial services provider’s stock valued at $341,000 after buying an additional 151 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction dated Tuesday, March 11th. The shares were 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 owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Down 7.2 %

CB stock opened at $280.74 on Monday. 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 firm’s fifty day simple moving average is $282.25 and its 200-day simple moving average is $281.69. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $306.91. The company has a market capitalization of $112.41 billion, a P/E ratio of 12.36, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

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 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%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Barclays reduced their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Finally, Wells Fargo & Company decreased their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. 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. According to data from MarketBeat, Chubb has an average rating of “Hold” and an average price target of $303.14.

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.