Allianz SE Invests $9.51 Million in Chubb Limited (NYSE:CB)

Allianz SE purchased a new stake in shares of Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 34,526 shares of the financial services provider's stock, valued at approximately $9,509,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CB. Larson Financial Group LLC boosted its stake in Chubb by 146.7% in the third quarter. Larson Financial Group LLC now owns 565 shares of the financial services provider's stock valued at $163,000 after acquiring an additional 336 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of Chubb in the 3rd quarter worth $30,000. Townsquare Capital LLC boosted its position in shares of Chubb by 37.1% in the 3rd quarter. Townsquare Capital LLC now owns 9,274 shares of the financial services provider's stock worth $2,675,000 after purchasing an additional 2,511 shares during the last quarter. CreativeOne Wealth LLC acquired a new stake in shares of Chubb during the third quarter worth $266,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Chubb by 1.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,931 shares of the financial services provider's stock valued at $49,583,000 after purchasing an additional 2,567 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

CB has been the subject of several analyst reports. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. JMP Securities restated a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of "Hold" and an average target price of $303.14.

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Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the company's 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 sale, the executive vice president now owns 78,422 shares in the company, valued at $23,120,374.04. This represents a 13.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. The trade was a 33.56 % 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 owned by insiders.

Chubb Stock Down 0.3 %

Chubb stock traded down $1.03 during midday trading on Wednesday, reaching $300.37. The stock had a trading volume of 616,038 shares, compared to its average volume of 1,598,598. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $304.34. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm's fifty day simple moving average is $280.57 and its 200-day simple moving average is $281.60. The stock has a market capitalization of $120.27 billion, a P/E ratio of 13.22, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last posted 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 net margin of 16.63% and a return on equity of 13.75%. As a group, analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's payout ratio is 16.02%.

About Chubb

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.