Capital Research Global Investors Has $2.46 Billion Stock Holdings in Chubb Limited (NYSE:CB)

Capital Research Global Investors boosted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,893,963 shares of the financial services provider's stock after acquiring an additional 131,075 shares during the quarter. Capital Research Global Investors owned 2.21% of Chubb worth $2,457,402,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Barclays PLC grew its holdings in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after buying an additional 388,746 shares in the last quarter. Invst LLC boosted its stake in shares of Chubb by 6.0% in the 3rd quarter. Invst LLC now owns 915 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 52 shares during the last quarter. Boyar Asset Management Inc. raised its position in shares of Chubb by 3.8% in the 3rd quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider's stock worth $804,000 after acquiring an additional 102 shares in the last quarter. World Investment Advisors LLC grew its holdings in Chubb by 895.5% in the third quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider's stock worth $9,281,000 after purchasing an additional 28,950 shares during the period. Finally, Sfmg LLC raised its stake in Chubb by 2.4% during the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock worth $485,000 after buying an additional 40 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Piper Sandler upped their price target on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. UBS Group increased their target price on Chubb from $298.00 to $303.00 and gave the stock a "neutral" rating in a research report on Wednesday, April 9th. Barclays decreased their target price on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Wells Fargo & Company dropped their target price on shares of Chubb from $271.00 to $268.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $307.21.

Insider Buying and Selling at Chubb

In other Chubb news, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction that occurred 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 sale, the chief accounting officer now owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. The trade was a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the business's stock in a transaction dated 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 owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % 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 Trading Up 0.1 %

Shares of CB opened at $285.29 on Friday. The firm has a market capitalization of $114.31 billion, a price-to-earnings ratio of 12.56, a PEG 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 Limited has a 1-year low of $238.85 and a 1-year high of $306.91. The company has a 50-day moving average of $284.62 and a 200 day moving average of $281.20.

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, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. Chubb's 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.

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