Aigen Investment Management LP Makes New $262,000 Investment in Chubb Limited (NYSE:CB)

Aigen Investment Management LP acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 950 shares of the financial services provider's stock, valued at approximately $262,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CB. FMR LLC lifted 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 purchasing an additional 1,052,999 shares during the period. Proficio Capital Partners LLC lifted its stake in shares of Chubb by 41,494.7% in the 4th quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider's stock valued at $224,566,000 after purchasing an additional 810,807 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of 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. Barclays PLC lifted its stake in shares of 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, World Investment Advisors LLC lifted its stake in shares of Chubb by 8,398.0% in the 3rd quarter. World Investment Advisors LLC now owns 274,740 shares of the financial services provider's stock valued at $79,232,000 after purchasing an additional 271,507 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

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Insider Activity at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is owned by company insiders.

Chubb Stock Performance

Shares of CB stock traded up $0.23 during trading on Friday, hitting $286.52. The company's stock had a trading volume of 1,259,899 shares, compared to its average volume of 1,700,705. The company has a market cap 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 current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $272.01 and a 200-day moving average of $280.30. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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 anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.27%. Chubb's payout ratio is 16.02%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Keefe, Bruyette & Woods boosted their target price on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. JPMorgan Chase & Co. boosted their target price on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $299.27.

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.