Korea Investment CORP Lowers Position in Chubb Limited (NYSE:CB)

Korea Investment CORP lessened its stake in Chubb Limited (NYSE:CB - Free Report) by 26.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 271,518 shares of the financial services provider's stock after selling 100,098 shares during the quarter. Korea Investment CORP owned 0.07% of Chubb worth $75,020,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in CB. Raymond James Financial Inc. purchased a new position in shares of Chubb during the 4th quarter worth $1,158,897,000. GQG Partners LLC grew its position in shares of Chubb by 36.3% during the fourth 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 in the last quarter. Proficio Capital Partners LLC lifted its position in shares of Chubb by 41,494.7% in the fourth quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider's stock worth $224,566,000 after buying an additional 810,807 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its stake in Chubb by 49.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider's stock valued at $338,070,000 after buying an additional 389,343 shares during the last quarter. Finally, Barclays PLC grew its holdings in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after buying an additional 388,746 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

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Chubb Stock Up 1.9 %

NYSE:CB opened at $302.19 on Tuesday. The company's 50-day simple moving average is $279.92 and its 200-day simple moving average is $281.51. 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 fifty-two week low of $238.85 and a fifty-two week high of $303.66. The stock has a market capitalization of $121.00 billion, a P/E ratio of 13.30, a P/E/G ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.20%. Chubb's dividend payout ratio (DPR) is 16.02%.

Insider Buying and Selling at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the sale, the executive vice president now owns 78,422 shares of the company's stock, valued at $23,120,374.04. The trade was a 13.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CB. Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Finally, JMP Securities reissued a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chubb presently has a consensus rating of "Hold" and a consensus target price of $301.00.

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.