Achmea Investment Management B.V. lifted its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 10.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 23,127 shares of the financial services provider's stock after acquiring an additional 2,207 shares during the period. Achmea Investment Management B.V.'s holdings in Chubb were worth $6,390,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in CB. Impax Asset Management Group plc acquired a new position in Chubb during the third quarter worth approximately $26,336,000. Harbour Investments Inc. grew its stake in shares of Chubb by 3.3% in the 3rd quarter. Harbour Investments Inc. now owns 2,083 shares of the financial services provider's stock valued at $601,000 after purchasing an additional 66 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its stake in shares of Chubb by 7.9% in the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 2,079 shares of the financial services provider's stock valued at $600,000 after purchasing an additional 153 shares during the last quarter. Prime Capital Investment Advisors LLC grew its stake in shares of Chubb by 19.4% in the 3rd quarter. Prime Capital Investment Advisors LLC now owns 10,260 shares of the financial services provider's stock valued at $2,959,000 after purchasing an additional 1,670 shares during the last quarter. Finally, Haverford Trust Co grew its stake in shares of Chubb by 4.6% in the 3rd quarter. Haverford Trust Co now owns 9,613 shares of the financial services provider's stock valued at $2,772,000 after purchasing an additional 423 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on CB shares. Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. JMP Securities restated a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Royal Bank of Canada restated an "outperform" rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Finally, HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Chubb presently has an average rating of "Hold" and an average price target of $301.00.
Check Out Our Latest Stock Report on Chubb
Insider Transactions at Chubb
In other news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The stock was 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 of the company's stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company's stock.
Chubb Trading Up 2.0 %
Chubb stock traded up $5.91 during trading on Friday, hitting $294.46. The company's stock had a trading volume of 2,301,935 shares, compared to its average volume of 1,503,952. The stock has a market capitalization of $117.91 billion, a price-to-earnings ratio of 12.96, a P/E/G ratio of 3.36 and a beta of 0.66. The stock's fifty day moving average is $273.60 and its 200 day moving average is $280.85. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. 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 (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS 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%. As a group, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.
Chubb Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.24%. Chubb's dividend payout ratio is presently 16.02%.
About Chubb
(
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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