1,920 Shares in Chubb Limited $CB Acquired by iA Global Asset Management Inc.

iA Global Asset Management Inc. acquired a new position in shares of Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,920 shares of the financial services provider’s stock, valued at approximately $599,000.

A number of other hedge funds have also recently made changes to their positions in CB. Berkshire Hathaway Inc boosted its position in shares of Chubb by 15.9% during the 3rd quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider’s stock worth $8,843,710,000 after purchasing an additional 4,299,111 shares during the period. AQR Capital Management LLC boosted its position in shares of Chubb by 75.1% during the 3rd quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider’s stock worth $785,468,000 after purchasing an additional 1,199,963 shares during the period. Woodline Partners LP purchased a new position in shares of Chubb during the 3rd quarter worth approximately $220,217,000. Amundi boosted its position in shares of Chubb by 55.4% during the 3rd quarter. Amundi now owns 1,946,622 shares of the financial services provider’s stock worth $557,493,000 after purchasing an additional 693,740 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Chubb by 11.6% during the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after purchasing an additional 513,852 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Transactions at Chubb

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the transaction, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.37% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $330.36 on Tuesday. The company’s fifty day moving average price is $326.15 and its 200 day moving average price is $314.63. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $128.13 billion, a P/E ratio of 11.67, a P/E/G ratio of 1.66 and a beta of 0.43.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. The firm had revenue of $14.93 billion for the quarter. As a group, sell-side analysts predict that Chubb Limited will post 26.78 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a yield of 1.2%. The ex-dividend date was Friday, March 13th. Chubb’s dividend payout ratio (DPR) is currently 13.70%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CB. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $330.00 to $340.00 and gave the stock a “neutral” rating in a research report on Monday, April 20th. Barclays increased their target price on shares of Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 22nd. Bank of America reduced their target price on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Cantor Fitzgerald reiterated a “neutral” rating and set a $315.00 target price on shares of Chubb in a report on Wednesday, April 22nd. Finally, Weiss Ratings upgraded shares of Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a report on Monday, April 27th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $349.33.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.