Chubb Limited (NYSE:CB) Stock Position Raised by Capital International Inc. CA

Capital International Inc. CA raised its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 15.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 165,818 shares of the financial services provider's stock after buying an additional 21,871 shares during the quarter. Capital International Inc. CA's holdings in Chubb were worth $45,816,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CB. Sierra Ocean LLC acquired a new stake in shares of Chubb during the fourth quarter valued at $29,000. Crowley Wealth Management Inc. purchased a new stake in shares of Chubb during the fourth quarter worth about $29,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb in the fourth quarter valued at approximately $30,000. Human Investing LLC purchased a new position in shares of Chubb during the fourth quarter valued at approximately $36,000. Finally, Mainstream Capital Management LLC acquired a new stake in Chubb during the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Down 1.8 %

NYSE:CB traded down $5.20 during trading hours on Monday, hitting $280.39. The stock had a trading volume of 1,487,087 shares, compared to its average volume of 1,632,187. The business has a 50 day simple moving average of $284.92 and a two-hundred day simple moving average of $281.00. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $306.91. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $112.35 billion, a PE ratio of 12.34, 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 results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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%. Analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio is currently 16.02%.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Piper Sandler increased their price target on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Royal Bank of Canada restated an "outperform" rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a report on Wednesday, March 5th. UBS Group increased their price target on shares of Chubb from $298.00 to $303.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 9th. Finally, Barclays lowered their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $307.21.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. 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 stock in a transaction that occurred 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 transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. This represents 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 in the last 90 days. 0.86% of the stock is 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.