Envestnet Asset Management Inc. Acquires 56,426 Shares of Chubb Limited (NYSE:CB)

Envestnet Asset Management Inc. grew its holdings in Chubb Limited (NYSE:CB - Free Report) by 5.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,150,039 shares of the financial services provider's stock after buying an additional 56,426 shares during the period. Envestnet Asset Management Inc. owned 0.29% of Chubb worth $317,756,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CB. Wealth Enhancement Advisory Services LLC lifted its holdings in Chubb by 57.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock worth $102,840,000 after purchasing an additional 130,629 shares during the last quarter. Czech National Bank boosted its position in shares of Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock valued at $22,458,000 after acquiring an additional 4,757 shares during the period. Barclays PLC grew its stake in shares of Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after acquiring an additional 388,746 shares in the last quarter. California Public Employees Retirement System increased its position in Chubb by 1.1% during the fourth quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock worth $373,110,000 after acquiring an additional 14,610 shares during the period. Finally, Versant Capital Management Inc raised its stake in Chubb by 133.9% in the 4th quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock worth $153,000 after purchasing an additional 316 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CB has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday. Keefe, Bruyette & Woods dropped their price objective on Chubb from $329.00 to $316.00 and set an "outperform" rating for the company in a report on Wednesday. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. Wells Fargo & Company reduced their price objective on shares of Chubb from $271.00 to $268.00 and set an "equal weight" rating on the stock in a research note on Thursday. Finally, JMP Securities restated a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $303.00.

Chubb Trading Up 0.2 %

Shares of NYSE:CB traded up $0.60 during mid-day trading on Friday, reaching $282.94. 569,606 shares of the company's stock were exchanged, compared to its average volume of 1,628,967. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91. The firm has a market capitalization of $113.29 billion, a price-to-earnings ratio of 12.45, a PEG ratio of 3.36 and a beta of 0.47. The business's fifty day moving average price is $282.81 and its 200-day moving average price is $281.33.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results 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 return on equity of 13.75% and a net margin of 16.63%. On average, research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.29%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 16.02%.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 10,000 shares of Chubb 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 completion of the sale, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 over the last quarter. Insiders own 0.86% of the company's stock.

Chubb Profile

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.