Blair William & Co. IL Has $16.07 Million Stake in Chubb Limited (NYSE:CB)

Blair William & Co. IL increased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 7.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 58,166 shares of the financial services provider's stock after buying an additional 4,095 shares during the quarter. Blair William & Co. IL's holdings in Chubb were worth $16,071,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Chubb by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock valued at $10,072,097,000 after buying an additional 271,648 shares during the period. GQG Partners LLC lifted its holdings in Chubb by 36.3% during the 4th quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider's stock worth $1,223,932,000 after buying an additional 1,178,628 shares in the last quarter. Raymond James Financial Inc. purchased a new position in Chubb in the 4th quarter valued at approximately $1,158,897,000. Charles Schwab Investment Management Inc. grew its stake in shares of Chubb by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider's stock worth $617,573,000 after acquiring an additional 46,068 shares in the last quarter. Finally, Barclays PLC increased its position in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after acquiring an additional 388,746 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

CB has been the subject of a number of analyst reports. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Wells Fargo & Company dropped their target price on Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. Finally, Piper Sandler raised their price target on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $303.14.

Insider Activity

In other news, EVP Joseph F. Wayland sold 12,231 shares of the company's stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 78,422 shares of the company's stock, valued at $23,120,374.04. This represents a 13.49 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the sale, 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 quarter, insiders have sold 63,470 shares of company stock valued at $18,562,730. Insiders own 0.86% of the company's stock.

Chubb Price Performance

Chubb stock traded down $0.76 during midday trading on Wednesday, hitting $300.64. The company's stock had a trading volume of 499,922 shares, compared to its average volume of 1,598,174. The stock's 50-day moving average price is $280.57 and its 200-day moving average price is $281.60. The company has a market capitalization of $120.38 billion, a PE ratio of 13.23, a price-to-earnings-growth 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 Limited has a 12 month low of $238.85 and a 12 month high of $304.34.

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

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend 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.