Chubb Limited (NYSE:CB) Shares Sold by Elo Mutual Pension Insurance Co

Elo Mutual Pension Insurance Co decreased its position in Chubb Limited (NYSE:CB - Free Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,036 shares of the financial services provider's stock after selling 1,626 shares during the period. Elo Mutual Pension Insurance Co's holdings in Chubb were worth $9,680,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CB. Vanguard Group Inc. raised its position in shares of Chubb by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock worth $10,072,097,000 after purchasing an additional 271,648 shares during the last quarter. GQG Partners LLC lifted its holdings in 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 purchasing an additional 1,178,628 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at about $1,158,897,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Chubb by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider's stock worth $617,573,000 after buying an additional 46,068 shares in the last quarter. Finally, Barclays PLC boosted its position in Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after acquiring an additional 388,746 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

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Chubb Trading Up 1.4 %

Shares of CB stock traded up $4.23 on Monday, hitting $300.67. The stock had a trading volume of 534,145 shares, compared to its average volume of 1,777,027. The company's 50 day moving average price is $279.26 and its 200-day moving average price is $281.41. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.98. 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 firm has a market capitalization of $120.39 billion, a P/E ratio of 13.24, a P/E/G ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results 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%. Analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

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 given a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.21%. Chubb's dividend payout ratio is presently 16.02%.

Insiders Place Their Bets

In related news, 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 value of $3,605,943.42. Following the completion of the transaction, the executive vice president now directly owns 78,422 shares in the company, valued at approximately $23,120,374.04. This trade represents a 13.49 % 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, CEO Evan G. Greenberg sold 25,728 shares of the company's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. 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 90 days. Corporate insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on CB. Keefe, Bruyette & Woods increased their price target on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Barclays dropped 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. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Finally, Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company 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.