Capital International Investors Sells 1,186,941 Shares of Chubb Limited (NYSE:CB)

Capital International Investors lowered its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 16.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,008,440 shares of the financial services provider's stock after selling 1,186,941 shares during the period. Capital International Investors owned approximately 1.49% of Chubb worth $1,660,104,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Chubb by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock worth $10,072,097,000 after purchasing an additional 271,648 shares during the period. FMR LLC boosted its stake in Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after buying an additional 91,892 shares in the last quarter. Demars Financial Group LLC grew its position in Chubb by 26,761.4% in 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 during the period. GQG Partners LLC raised its stake in Chubb by 36.3% during the fourth quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider's stock worth $1,223,932,000 after acquiring an additional 1,178,628 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Chubb in the 4th quarter valued at $1,169,720,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Down 1.8 %

Shares of CB stock traded down $5.20 on Monday, hitting $280.39. The stock had a trading volume of 1,487,087 shares, compared to its average volume of 1,632,186. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91. The company has a fifty day moving average price of $284.62 and a two-hundred day moving average price of $281.08. The firm has a market cap of $112.35 billion, a P/E ratio of 12.34, a PEG ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results 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%. As a group, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's payout ratio is currently 16.02%.

Insider Transactions at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were 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 directly owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares of the company's stock, valued at $5,820,978.04. This trade represents a 3.67 % 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. Corporate insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CB shares. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. HSBC upgraded shares of 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. Jefferies Financial Group boosted 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, UBS Group lifted their target price on Chubb from $298.00 to $303.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Chubb has a consensus rating of "Hold" and an average target price of $307.21.

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.