E Fund Management Co. Ltd. purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 928 shares of the financial services provider's stock, valued at approximately $256,000.
Several other hedge funds also recently modified their holdings of the stock. FMR LLC increased its stake in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock valued at $4,492,103,000 after acquiring an additional 1,052,999 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Chubb in the 4th quarter valued at $1,158,897,000. Charles Schwab Investment Management Inc. grew its position in Chubb by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider's stock valued at $617,573,000 after purchasing an additional 46,068 shares during the period. Barclays PLC grew its position in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after purchasing an additional 388,746 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec grew its position in Chubb by 49.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider's stock valued at $338,070,000 after purchasing an additional 389,343 shares during the period. Institutional investors own 83.81% of the company's stock.
Insider Activity
In other news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 0.86% of the company's stock.
Wall Street Analyst Weigh In
CB has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Barclays cut their price objective on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $299.27.
View Our Latest Research Report on Chubb
Chubb Stock Performance
Chubb stock traded up $0.23 during midday trading on Friday, reaching $286.52. The stock had a trading volume of 1,259,899 shares, compared to its average volume of 1,700,705. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The firm's 50-day moving average price is $272.01 and its 200 day moving average price is $280.30. The firm has a market capitalization of $114.73 billion, a PE ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.66. 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.
Chubb Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, March 14th. Chubb's dividend payout ratio is presently 16.02%.
About Chubb
(
Free Report)
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.
Further Reading
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