Chubb Limited (NYSE:CB) Shares Sold by Barclays PLC

Barclays PLC lowered its holdings in Chubb Limited (NYSE:CB - Free Report) by 12.7% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,546,755 shares of the financial services provider's stock after selling 225,933 shares during the period. Barclays PLC owned approximately 0.38% of Chubb worth $427,369,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the stock. Sierra Ocean LLC purchased a new stake in shares of Chubb during the 4th quarter worth $29,000. Crowley Wealth Management Inc. purchased a new position in Chubb in the fourth quarter valued at approximately $29,000. Strategic Financial Concepts LLC acquired a new stake in Chubb during the fourth quarter worth approximately $30,000. Human Investing LLC purchased a new stake in shares of Chubb during the 4th quarter worth approximately $36,000. Finally, Mainstream Capital Management LLC acquired a new position in shares of Chubb in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO George F. Ohsiek sold 763 shares of the company's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,470 shares of company stock valued at $18,562,730. Insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

Several research firms have issued reports on CB. Royal Bank of Canada restated an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. JMP Securities reissued a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $307.21.

Chubb Price Performance

CB traded up $0.22 on Friday, hitting $285.29. 2,477,527 shares of the company were exchanged, compared to its average volume of 1,636,533. The business's fifty day moving average is $284.62 and its 200 day moving average is $281.20. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $306.91. 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 has a market capitalization of $114.31 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

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

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb's dividend payout ratio is presently 16.02%.

Chubb 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.