Chubb Limited (NYSE:CB) Shares Acquired by Deutsche Bank AG

Deutsche Bank AG grew its stake in shares of Chubb Limited (NYSE:CB) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,603,145 shares of the financial services provider’s stock after acquiring an additional 302,699 shares during the period. Deutsche Bank AG owned 0.89% of Chubb worth $995,549,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Sierra Ocean LLC bought a new position in Chubb in the fourth quarter worth $29,000. Crowley Wealth Management Inc. bought a new stake in Chubb in the fourth quarter valued at about $29,000. Strategic Financial Concepts LLC acquired a new stake in Chubb in the 4th quarter valued at approximately $30,000. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock worth $34,000 after purchasing an additional 89 shares during the last quarter. Finally, Human Investing LLC bought a new stake in Chubb during the fourth quarter worth $36,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CB shares. JPMorgan Chase & Co. raised 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. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Raymond James reiterated a “strong-buy” rating on shares of Chubb in a research note on Thursday, April 24th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Finally, Jefferies Financial Group increased their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $307.86.

Chubb Trading Up 0.5 %

NYSE:CB opened at $290.58 on Thursday. The firm has a fifty day simple moving average of $288.36 and a 200-day simple moving average of $280.88. Chubb Limited has a 12 month low of $250.90 and a 12 month high of $306.91. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $116.44 billion, a P/E ratio of 12.79, a PEG ratio of 3.36 and a beta of 0.57.

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

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given 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 1.25%. Chubb’s payout ratio is currently 17.52%.

Insider Transactions at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company’s stock, valued at $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by corporate insiders.

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.