FIL Ltd Increases Holdings in Chubb Limited (NYSE:CB)

FIL Ltd increased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 131.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,160 shares of the financial services provider's stock after buying an additional 6,329 shares during the period. FIL Ltd's holdings in Chubb were worth $3,084,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CB. Sierra Ocean LLC purchased a new position in Chubb in the 4th quarter valued at about $29,000. Crowley Wealth Management Inc. acquired a new stake in shares of Chubb in the fourth quarter worth approximately $29,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb during the fourth quarter worth approximately $30,000. Human Investing LLC acquired a new position in Chubb in the 4th quarter valued at $36,000. Finally, Mainstream Capital Management LLC purchased a new position in Chubb in the 4th quarter valued at $37,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on CB shares. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Wells Fargo & Company dropped their price target on shares of Chubb from $271.00 to $268.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Piper Sandler boosted their target price on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research report 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 research report on Wednesday, March 5th. Finally, Jefferies Financial Group increased 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. 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.com, Chubb presently has an average rating of "Hold" and an average price target of $307.21.

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Insider Transactions at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 over the last 90 days. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

Shares of Chubb stock traded up $0.71 during trading on Wednesday, reaching $285.51. The company's stock had a trading volume of 1,461,597 shares, compared to its average volume of 1,633,541. The firm has a market cap of $114.40 billion, a PE ratio of 12.57, a P/E/G ratio of 3.36 and a beta of 0.47. The company has a 50-day moving average price of $283.58 and a two-hundred day moving average price of $281.24. 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 Limited has a fifty-two week low of $238.85 and a fifty-two week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Friday, March 14th. Chubb's payout ratio is currently 16.02%.

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.