Chubb Limited (NYSE:CB) Shares Purchased by Cohen & Steers Inc.

Cohen & Steers Inc. raised its position in Chubb Limited (NYSE:CB) by 5.4% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,553 shares of the financial services provider’s stock after purchasing an additional 79 shares during the period. Cohen & Steers Inc.’s holdings in Chubb were worth $429,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Chubb during the 4th quarter worth approximately $1,169,720,000. Raymond James Financial Inc. acquired a new position in shares of Chubb in the fourth quarter worth $1,158,897,000. GQG Partners LLC raised its holdings in shares of Chubb by 36.3% in the fourth quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider’s stock worth $1,223,932,000 after acquiring an additional 1,178,628 shares during the last quarter. Beutel Goodman & Co Ltd. lifted its position in shares of Chubb by 1,007,698.0% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider’s stock valued at $278,454,000 after acquiring an additional 1,007,698 shares in the last quarter. Finally, Proficio Capital Partners LLC boosted its stake in shares of Chubb by 41,494.7% during the fourth quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider’s stock valued at $224,566,000 after acquiring an additional 810,807 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CB. Keefe, Bruyette & Woods decreased their price target on shares of Chubb from $329.00 to $316.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 9th. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price target on Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday, April 8th. JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Finally, Barclays lowered their price objective on Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $307.21.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction on 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 sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now directly owns 29,194 shares of the company’s stock, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Down 1.3 %

NYSE CB opened at $284.71 on Wednesday. The stock has a market cap of $114.08 billion, a PE ratio of 12.53, a P/E/G ratio of 3.36 and a beta of 0.47. The business has a 50 day moving average price of $283.58 and a two-hundred day moving average price of $281.24. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

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

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

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.