Fayez Sarofim & Co Purchases 56,679 Shares of Chubb Limited (NYSE:CB)

Fayez Sarofim & Co grew its position in Chubb Limited (NYSE:CB - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,256,098 shares of the financial services provider's stock after purchasing an additional 56,679 shares during the quarter. Fayez Sarofim & Co owned approximately 0.31% of Chubb worth $347,060,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. First Financial Bank Trust Division grew its stake in shares of Chubb by 3.7% during the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider's stock valued at $283,000 after buying an additional 37 shares during the last quarter. Rede Wealth LLC boosted its holdings in Chubb by 2.0% during the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock valued at $525,000 after acquiring an additional 37 shares during the period. Sfmg LLC grew its position 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 acquiring an additional 40 shares during the last quarter. United Asset Strategies Inc. increased its stake in Chubb by 1.3% in the 4th quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock worth $851,000 after purchasing an additional 40 shares during the period. Finally, Avitas Wealth Management LLC lifted its position in Chubb by 0.5% in the fourth quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock valued at $2,421,000 after purchasing an additional 40 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on CB shares. JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods decreased their price objective on shares of Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Jefferies Financial Group boosted their price target on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, Barclays dropped their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. Two 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of "Hold" and an average target price of $307.21.

Insider Buying and Selling at Chubb

In other news, CEO Evan G. Greenberg sold 25,728 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the transaction, 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 transaction 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 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 in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Down 1.9 %

NYSE:CB traded down $5.66 during mid-day trading on Wednesday, hitting $284.76. 2,102,700 shares of the company's stock were exchanged, compared to its average volume of 1,632,913. The company has a market cap of $114.10 billion, a PE ratio of 12.53, a P/E/G 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 one year low of $238.85 and a one year high of $306.91. The business has a fifty day moving average price of $285.78 and a 200 day moving average price of $281.10.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Equities analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed 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. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio (DPR) 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.