Wellington Management Group LLP Sells 385,393 Shares of Chubb Limited (NYSE:CB)

Wellington Management Group LLP trimmed its position in shares of Chubb Limited (NYSE:CB - Free Report) by 4.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,536,628 shares of the financial services provider's stock after selling 385,393 shares during the quarter. Wellington Management Group LLP owned approximately 2.13% of Chubb worth $2,358,670,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Chubb by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock valued at $10,072,097,000 after buying an additional 271,648 shares in the last quarter. GQG Partners LLC increased its holdings in shares of Chubb by 36.3% in the 4th quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider's stock valued at $1,223,932,000 after acquiring an additional 1,178,628 shares during the last quarter. Norges Bank bought a new position in shares of Chubb in the 4th quarter worth about $1,169,720,000. Raymond James Financial Inc. bought a new position in shares of Chubb during the fourth quarter valued at approximately $1,158,897,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Chubb by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider's stock valued at $617,573,000 after acquiring an additional 46,068 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

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Chubb Stock Down 7.2 %

CB traded down $21.72 during midday trading on Friday, hitting $280.74. 3,195,234 shares of the company's stock traded hands, compared to its average volume of 1,616,264. 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 company has a market cap of $112.41 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. Chubb Limited has a one year low of $238.85 and a one year high of $306.91. The stock's fifty day simple moving average is $282.25 and its 200-day simple moving average is $281.81.

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

Chubb Dividend Announcement

The company 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 $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.30%. Chubb's payout ratio is presently 16.02%.

Analyst Ratings Changes

CB has been the subject of several analyst reports. Piper Sandler boosted their price objective on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday. JMP Securities restated a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a report on Monday, January 6th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. Finally, Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $303.14.

Insider Activity at Chubb

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

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.