CIBC Private Wealth Group LLC cut its position in Chubb Limited (NYSE:CB - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 185,052 shares of the financial services provider's stock after selling 2,708 shares during the period. CIBC Private Wealth Group LLC's holdings in Chubb were worth $49,344,000 as of its most recent SEC filing.
Several other large investors have also recently added to or reduced their stakes in CB. California Public Employees Retirement System lifted its stake in shares of Chubb by 1.1% in the 4th 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 during the period. RWA Wealth Partners LLC grew its position in shares of Chubb by 297.7% during the 4th quarter. RWA Wealth Partners LLC now owns 68,859 shares of the financial services provider's stock worth $19,026,000 after buying an additional 51,545 shares during the period. Schroder Investment Management Group raised its holdings in Chubb by 0.5% in the fourth quarter. Schroder Investment Management Group now owns 1,218,918 shares of the financial services provider's stock worth $335,702,000 after purchasing an additional 6,253 shares during the period. BlueChip Wealth Advisors LLC boosted its position in shares of Chubb by 14.8% during the fourth quarter. BlueChip Wealth Advisors LLC now owns 921 shares of the financial services provider's stock worth $254,000 after purchasing an additional 119 shares in the last quarter. Finally, Allianz SE acquired a new position in shares of Chubb in the 4th quarter valued at $9,509,000. 83.81% of the stock is owned by institutional investors.
Insider Transactions at Chubb
In related news, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly 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 disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 over the last three months. 0.86% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
CB has been the subject of a number of research reports. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Barclays decreased their price target on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company lowered their price objective on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $303.14.
Get Our Latest Report on CB
Chubb Trading Up 0.2 %
Shares of Chubb stock traded up $0.62 on Wednesday, hitting $302.02. The stock had a trading volume of 1,534,179 shares, compared to its average volume of 1,602,120. The stock has a 50 day moving average of $280.57 and a 200 day moving average of $281.60. 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 twelve month low of $238.85 and a twelve month high of $304.34. The firm has a market capitalization of $120.93 billion, a P/E ratio of 13.29, a PEG ratio of 3.36 and a beta of 0.66.
Chubb (NYSE:CB - Get Free Report) last posted 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%. Sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.
Chubb Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend payout ratio is currently 16.02%.
About Chubb
(
Free Report)
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.
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