Chubb Limited (NYSE:CB) Stake Lifted by Capital International Sarl

Capital International Sarl lifted its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 137,330 shares of the financial services provider's stock after buying an additional 10,379 shares during the period. Chubb makes up approximately 0.9% of Capital International Sarl's holdings, making the stock its 27th largest position. Capital International Sarl's holdings in Chubb were worth $37,944,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Demars Financial Group LLC lifted its position in Chubb by 26,761.4% in the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after purchasing an additional 5,340,499 shares during the period. Norges Bank purchased a new stake in shares of Chubb during the 4th quarter worth $1,169,720,000. Raymond James Financial Inc. acquired a new position in shares of Chubb during the 4th quarter worth $1,158,897,000. GQG Partners LLC grew its position in Chubb by 36.3% during the fourth 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 during the period. Finally, Beutel Goodman & Co Ltd. increased its holdings in Chubb by 1,007,698.0% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider's stock valued at $278,454,000 after buying an additional 1,007,698 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analyst Weigh In

CB has been the topic of several research analyst reports. Keefe, Bruyette & Woods decreased their price target on Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. 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. Jefferies Financial Group increased their price target on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Piper Sandler boosted their price target on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. Finally, Wells Fargo & Company reduced their target price on shares of Chubb from $271.00 to $268.00 and set an "equal weight" rating on the stock in a report on Thursday, April 10th. 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. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $307.21.

Chubb Stock Down 1.8 %

CB traded down $5.20 on Monday, reaching $280.39. The company's stock had a trading volume of 1,487,087 shares, compared to its average volume of 1,632,186. The business's 50 day moving average is $284.62 and its 200 day moving average is $281.08. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $306.91. The stock has a market cap of $112.35 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

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

Chubb Dividend Announcement

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

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares in the company, 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. In the last quarter, insiders sold 63,470 shares of company stock worth $18,562,730. 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.