Brown Brothers Harriman & Co. Has $3.27 Million Stock Position in Chubb Limited (NYSE:CB)

Brown Brothers Harriman & Co. cut its position in shares of Chubb Limited (NYSE:CB - Free Report) by 22.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,841 shares of the financial services provider's stock after selling 3,381 shares during the period. Brown Brothers Harriman & Co.'s holdings in Chubb were worth $3,272,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in CB. Horizon Investment Services LLC grew its holdings in Chubb by 2.8% during the fourth quarter. Horizon Investment Services LLC now owns 19,649 shares of the financial services provider's stock valued at $5,429,000 after purchasing an additional 530 shares during the last quarter. Gardner Lewis Asset Management L P acquired a new stake in Chubb during the fourth quarter valued at approximately $387,000. Level Four Advisory Services LLC grew its position in Chubb by 0.4% in the fourth quarter. Level Four Advisory Services LLC now owns 13,132 shares of the financial services provider's stock valued at $3,629,000 after acquiring an additional 49 shares during the period. Orion Portfolio Solutions LLC lifted its holdings in Chubb by 2.5% during the 4th quarter. Orion Portfolio Solutions LLC now owns 39,355 shares of the financial services provider's stock valued at $10,874,000 after purchasing an additional 961 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. boosted its position in Chubb by 0.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 260,483 shares of the financial services provider's stock valued at $71,971,000 after buying an additional 1,289 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Ratings Changes

A number of equities analysts have commented on CB shares. JPMorgan Chase & Co. boosted their price objective on Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. JMP Securities restated a "market outperform" rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price for the company in a report on Wednesday, March 5th. Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. Finally, 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $303.14.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 over the last three months. Corporate insiders own 0.86% of the company's stock.

Chubb Stock Performance

Shares of NYSE CB traded up $0.62 during midday trading on Wednesday, hitting $302.02. 1,521,545 shares of the company's stock were exchanged, compared to its average volume of 1,602,108. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company's 50 day moving average price is $280.57 and its 200 day moving average price is $281.60. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $304.34. The firm has a market capitalization of $120.93 billion, a PE ratio of 13.29, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results 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 predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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 is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.21%. Chubb's dividend payout ratio (DPR) is 16.02%.

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.