Dimensional Fund Advisors LP boosted its position in Chubb Limited (NYSE:CB - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,328,742 shares of the financial services provider's stock after buying an additional 10,402 shares during the period. Dimensional Fund Advisors LP owned approximately 0.58% of Chubb worth $643,418,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CB. Demars Financial Group LLC raised its position in Chubb by 26,761.4% during 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 acquiring an additional 5,340,499 shares in the last quarter. Norges Bank acquired a new stake in shares of Chubb during the 4th quarter worth approximately $1,169,720,000. Raymond James Financial Inc. purchased a new position in shares of Chubb during the 4th quarter valued at approximately $1,158,897,000. GQG Partners LLC lifted its stake in shares of 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 purchasing an additional 1,178,628 shares during the period. Finally, Beutel Goodman & Co Ltd. boosted its holdings in 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 buying an additional 1,007,698 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.
Insider Buying and Selling at Chubb
In other news, EVP Joseph F. Wayland sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 over the last 90 days. Corporate insiders own 0.86% of the company's stock.
Chubb Stock Performance
NYSE:CB opened at $285.29 on Friday. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $306.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a market capitalization of $114.31 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The business's fifty day moving average price is $284.62 and its 200 day moving average price is $281.20.
Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.
Chubb Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio (DPR) is 16.02%.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on the stock. Wells Fargo & Company decreased their price objective 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. JPMorgan Chase & Co. lifted their price target on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Barclays cut their price objective 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. Jefferies Financial Group raised their price objective on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Finally, Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have issued 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 presently has a consensus rating of "Hold" and an average target price of $307.21.
Check Out Our Latest Analysis on Chubb
Chubb Company Profile
(
Free Report)
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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