Gabelli Funds LLC Grows Stock Holdings in Chubb Limited (NYSE:CB)

Gabelli Funds LLC increased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 24.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,202 shares of the financial services provider's stock after acquiring an additional 2,797 shares during the period. Gabelli Funds LLC's holdings in Chubb were worth $3,924,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Aware Super Pty Ltd as trustee of Aware Super purchased a new stake in Chubb in the fourth quarter valued at approximately $285,000. Dagco Inc. lifted its holdings in shares of Chubb by 6.6% during the 4th quarter. Dagco Inc. now owns 1,913 shares of the financial services provider's stock worth $529,000 after acquiring an additional 118 shares during the last quarter. Broyhill Asset Management purchased a new position in Chubb in the fourth quarter worth $434,000. Belpointe Asset Management LLC increased its stake in Chubb by 7.5% in the fourth quarter. Belpointe Asset Management LLC now owns 2,062 shares of the financial services provider's stock valued at $586,000 after acquiring an additional 143 shares during the last quarter. Finally, Mariner LLC lifted its stake in Chubb by 1.8% during the fourth quarter. Mariner LLC now owns 110,580 shares of the financial services provider's stock worth $30,553,000 after purchasing an additional 1,977 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CB. JPMorgan Chase & Co. increased their target price on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a report on Tuesday, April 8th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods decreased their target price on shares of Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Barclays dropped their price target on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, UBS Group upped their price objective on shares of Chubb from $298.00 to $303.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Two 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 company's stock. According to MarketBeat.com, Chubb has an average rating of "Hold" and a consensus price target of $307.21.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction that occurred on 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 of the company's stock, valued at $8,644,927.28. This represents a 33.56 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 transaction of $2,869,600.00. Following the sale, 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 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 ninety days. Corporate insiders own 0.86% of the company's stock.

Chubb Stock Down 1.8 %

Shares of CB traded down $5.20 during midday trading on Monday, hitting $280.39. 1,487,087 shares of the company's stock traded hands, compared to its average volume of 1,632,186. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $306.91. The firm's fifty day moving average is $284.62 and its 200-day moving average is $281.08. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $112.35 billion, a price-to-earnings ratio of 12.34, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) 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%. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio (DPR) is 16.02%.

Chubb Company 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.