Pictet Asset Management Holding SA Cuts Stock Position in Chubb Limited (NYSE:CB)

Pictet Asset Management Holding SA lessened its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 5.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 190,578 shares of the financial services provider's stock after selling 10,763 shares during the quarter. Pictet Asset Management Holding SA's holdings in Chubb were worth $52,657,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. Nomura Asset Management Co. Ltd. boosted its position in shares of Chubb by 0.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 260,483 shares of the financial services provider's stock worth $71,971,000 after acquiring an additional 1,289 shares during the last quarter. New Age Alpha Advisors LLC grew its holdings in Chubb by 43,904.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 45,325 shares of the financial services provider's stock valued at $12,523,000 after buying an additional 45,222 shares in the last quarter. Norges Bank bought a new position in shares of Chubb during the 4th quarter valued at approximately $1,169,720,000. Blair William & Co. IL raised its stake in Chubb by 7.6% during the fourth quarter. Blair William & Co. IL now owns 58,166 shares of the financial services provider's stock valued at $16,071,000 after purchasing an additional 4,095 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new position in Chubb in the fourth quarter worth about $55,000. 83.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb 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 completion of the transaction, 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. In the last three months, insiders have sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.86% of the company's stock.

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Chubb Stock Up 1.2 %

NYSE CB traded up $3.56 during trading on Thursday, hitting $305.10. The company's stock had a trading volume of 625,574 shares, compared to its average volume of 1,781,000. The company has a market cap of $122.17 billion, a PE ratio of 13.43, a P/E/G ratio of 3.36 and a beta of 0.66. 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 business's 50 day simple moving average is $281.24 and its 200-day simple moving average is $281.74. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $306.00.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping 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, equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's payout ratio is 16.02%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CB shares. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. JMP Securities reaffirmed a "market outperform" rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price target on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their target price on Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Finally, Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $303.14.

Chubb Company 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.