Capital World Investors Has $3.17 Billion Position in Chubb Limited (NYSE:CB)

Capital World Investors increased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 1.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,481,301 shares of the financial services provider's stock after purchasing an additional 212,889 shares during the period. Capital World Investors owned 2.85% of Chubb worth $3,172,194,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Demars Financial Group LLC lifted its holdings in Chubb by 26,761.4% during the 4th 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 last quarter. Norges Bank acquired a new stake in shares of Chubb during the 4th quarter worth about $1,169,720,000. Raymond James Financial Inc. acquired a new position in Chubb in the 4th quarter valued at about $1,158,897,000. GQG Partners LLC raised its holdings in Chubb by 36.3% in the 4th quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider's stock valued at $1,223,932,000 after acquiring an additional 1,178,628 shares during the period. Finally, Beutel Goodman & Co Ltd. boosted its holdings in shares of Chubb by 1,007,698.0% during the fourth quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider's stock worth $278,454,000 after acquiring an additional 1,007,698 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CB. Jefferies Financial Group upped their price target on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Piper Sandler increased their target price on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 8th. Barclays cut their price target on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Finally, Keefe, Bruyette & Woods reduced their target price on Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $307.21.

Insider Activity at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction 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 transaction, 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 have sold 63,470 shares of company stock worth $18,562,730 in the last quarter. Company insiders own 0.86% of the company's stock.

Chubb Stock Up 0.1 %

Shares of NYSE CB opened at $285.29 on Friday. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $306.91. 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 company's 50 day moving average price is $284.62 and its 200-day moving average price is $281.20. The company has a market capitalization of $114.31 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data 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 return on equity of 13.75% and a net margin of 16.63%. Equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb's dividend payout ratio is currently 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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