Chubb Limited (NYSE:CB) Shares Sold by XTX Topco Ltd

XTX Topco Ltd decreased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 61.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,227 shares of the financial services provider's stock after selling 5,219 shares during the quarter. XTX Topco Ltd's holdings in Chubb were worth $892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Chubb by 57.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock worth $102,840,000 after purchasing an additional 130,629 shares in the last quarter. Czech National Bank lifted its holdings in Chubb by 6.2% in the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock worth $22,458,000 after buying an additional 4,757 shares during the period. Barclays PLC increased its position 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 purchasing an additional 388,746 shares during the period. California Public Employees Retirement System increased its stake in shares of Chubb by 1.1% during the fourth quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock valued at $373,110,000 after purchasing an additional 14,610 shares in the last quarter. Finally, Versant Capital Management Inc raised its stake in Chubb by 133.9% during the fourth quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock valued at $153,000 after buying an additional 316 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Activity at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the 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 approximately $5,820,978.04. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 in the last three months. 0.86% of the stock is owned by insiders.

Chubb Stock Down 2.6 %

Shares of CB traded down $7.34 during trading hours on Monday, hitting $278.25. The company had a trading volume of 555,478 shares, compared to its average volume of 1,837,603. Chubb Limited has a one year low of $238.85 and a one year high of $306.91. The company's fifty day moving average price is $284.62 and its two-hundred day moving average price is $281.08. The company has a market capitalization of $111.49 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. 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 (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 (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities analysts forecast 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 was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.31%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio is currently 16.02%.

Analyst Upgrades and Downgrades

CB has been the subject of a number of analyst reports. Jefferies Financial Group lifted their target price on shares of Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a report on Friday, April 11th. Barclays reduced their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Piper Sandler boosted their price objective on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. Finally, JMP Securities restated a "market outperform" rating and set a $325.00 target price 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $307.21.

About Chubb

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.