Gamco Investors INC. ET AL Acquires 5,576 Shares of Chubb Limited (NYSE:CB)

Gamco Investors INC. ET AL increased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 63.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 14,299 shares of the financial services provider's stock after purchasing an additional 5,576 shares during the quarter. Gamco Investors INC. ET AL's holdings in Chubb were worth $3,951,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of CB. Barclays PLC grew its stake in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after acquiring an additional 388,746 shares in the last quarter. Invst LLC increased its position in Chubb by 6.0% in the 3rd quarter. Invst LLC now owns 915 shares of the financial services provider's stock valued at $264,000 after acquiring an additional 52 shares during the period. Boyar Asset Management Inc. raised its stake in Chubb by 3.8% during the 3rd quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider's stock valued at $804,000 after acquiring an additional 102 shares in the last quarter. World Investment Advisors LLC grew its stake in shares of Chubb by 895.5% in the third quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider's stock worth $9,281,000 after purchasing an additional 28,950 shares in the last quarter. Finally, Sfmg LLC increased its holdings in shares of Chubb by 2.4% during the third quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock valued at $485,000 after purchasing an additional 40 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays dropped their target price on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Piper Sandler upped their price target on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. 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 research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods dropped their price target on Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Two 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 issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $307.21.

Chubb Stock Down 1.8 %

Shares of Chubb stock traded down $5.20 during midday trading on Monday, reaching $280.39. 1,487,087 shares of the company's stock traded hands, compared to its average volume of 1,632,186. The company has a market cap 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 Limited has a 52 week low of $238.85 and a 52 week high of $306.91. The company's 50 day simple moving average is $284.62 and its 200 day simple moving average is $281.08. 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 (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.30%. Chubb's payout ratio is currently 16.02%.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the transaction, the executive vice president now directly owns 78,422 shares of the company's stock, valued at approximately $23,120,374.04. This trade represents a 13.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the company's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock valued at $18,562,730 over the last three months. Company insiders own 0.86% of the company's stock.

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.