Brandywine Global Investment Management LLC Trims Position in Chubb Limited (NYSE:CB)

Brandywine Global Investment Management LLC trimmed its position in shares of Chubb Limited (NYSE:CB - Free Report) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 220,101 shares of the financial services provider's stock after selling 17,340 shares during the quarter. Brandywine Global Investment Management LLC owned 0.05% of Chubb worth $60,814,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the company. Continuum Advisory LLC grew its holdings in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb during the third quarter valued at approximately $29,000. Raelipskie Partnership bought a new position in shares of Chubb during the third quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb in the fourth quarter worth approximately $29,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of Chubb during the 4th quarter worth approximately $29,000. Institutional investors own 83.81% of the company's stock.

Chubb Stock Up 0.2 %

CB traded up $0.62 on Wednesday, hitting $302.02. The company had a trading volume of 1,532,870 shares, compared to its average volume of 1,602,112. The stock has a market capitalization of $120.93 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 3.36 and a beta of 0.66. 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 stock has a fifty day moving average price of $280.57 and a 200-day moving average price of $281.60. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $304.34.

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

Chubb Announces Dividend

The firm 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 dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.21%. Chubb's dividend payout ratio is presently 16.02%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. JMP Securities reiterated a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Barclays reduced their price target on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Piper Sandler raised their target price on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday. Finally, HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $303.14.

Insider Transactions at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction 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 transaction, the executive vice president now owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 in the last quarter. 0.86% of the stock is currently owned by corporate insiders.

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.