Nissay Asset Management Corp Japan ADV Has $13.03 Million Stake in Chubb Limited (NYSE:CB)

Nissay Asset Management Corp Japan ADV trimmed its position in Chubb Limited (NYSE:CB) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,911 shares of the financial services provider’s stock after selling 672 shares during the quarter. Nissay Asset Management Corp Japan ADV’s holdings in Chubb were worth $13,026,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Chubb by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider’s stock valued at $10,072,097,000 after purchasing an additional 271,648 shares in the last quarter. FMR LLC lifted its holdings in shares of Chubb by 0.6% during the fourth quarter. FMR LLC now owns 15,668,377 shares of the financial services provider’s stock valued at $4,329,173,000 after acquiring an additional 91,892 shares during the period. Capital World Investors lifted its holdings in shares of Chubb by 1.9% during the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider’s stock valued at $3,172,194,000 after acquiring an additional 212,889 shares during the period. Capital Research Global Investors lifted its holdings in shares of Chubb by 1.5% during the fourth quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider’s stock valued at $2,457,402,000 after acquiring an additional 131,075 shares during the period. Finally, Demars Financial Group LLC lifted its holdings in shares of Chubb by 26,761.4% during the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider’s stock valued at $1,481,094,000 after acquiring an additional 5,340,499 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Down 1.1%

Shares of Chubb stock opened at $282.11 on Thursday. The business’s 50 day simple moving average is $288.39 and its 200 day simple moving average is $280.63. Chubb Limited has a 52-week low of $251.42 and a 52-week high of $306.91. The firm has a market cap of $113.05 billion, a PE ratio of 12.42, a P/E/G ratio of 3.36 and a beta of 0.57. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. On average, analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio is presently 17.52%.

Insiders Place Their Bets

In other news, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. The trade was a 3.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction that occurred on Thursday, March 20th. The stock was 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 represents a 13.49% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 in the last 90 days. 0.77% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. Raymond James restated a “strong-buy” rating on shares of Chubb in a research note on Thursday, April 24th. Barclays lowered their target price on Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a research note on Friday, April 11th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Finally, Jefferies Financial Group raised their target price on Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $307.86.

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.