Geode Capital Management LLC Boosts Stock Holdings in Chubb Limited (NYSE:CB)

Geode Capital Management LLC lifted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 0.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 8,618,539 shares of the financial services provider's stock after acquiring an additional 18,619 shares during the quarter. Geode Capital Management LLC owned approximately 2.14% of Chubb worth $2,376,576,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CB. Nemes Rush Group LLC raised its holdings in Chubb by 5.8% during the 4th quarter. Nemes Rush Group LLC now owns 57,919 shares of the financial services provider's stock valued at $16,003,000 after acquiring an additional 3,190 shares during the period. Alliancebernstein L.P. grew its position in shares of Chubb by 130.0% in the fourth quarter. Alliancebernstein L.P. now owns 956,522 shares of the financial services provider's stock valued at $264,287,000 after purchasing an additional 540,554 shares in the last quarter. Bedell Frazier Investment Counselling LLC raised its stake in shares of Chubb by 8.3% during the 4th quarter. Bedell Frazier Investment Counselling LLC now owns 2,220 shares of the financial services provider's stock valued at $613,000 after purchasing an additional 170 shares during the period. Edmond DE Rothschild Holding S.A. boosted its stake in Chubb by 21.6% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 900 shares of the financial services provider's stock worth $249,000 after purchasing an additional 160 shares during the period. Finally, Hazlett Burt & Watson Inc. grew its holdings in Chubb by 8.8% during the 4th quarter. Hazlett Burt & Watson Inc. now owns 667 shares of the financial services provider's stock valued at $185,000 after buying an additional 54 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

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Insider Buying and Selling

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now owns 29,194 shares of the company's stock, valued at approximately $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 accessible through this link. Also, EVP Joseph F. Wayland sold 12,231 shares of the company's stock in a transaction that occurred 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 sale, the executive vice president now owns 78,422 shares in the company, valued at $23,120,374.04. The trade was a 13.49 % 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. Corporate insiders own 0.86% of the company's stock.

Chubb Trading Up 0.3 %

Chubb stock traded up $0.88 during trading hours on Thursday, reaching $302.42. The stock had a trading volume of 2,113,994 shares, compared to its average volume of 1,606,826. The company has a fifty day simple moving average of $281.24 and a 200-day simple moving average of $281.74. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $306.85. The stock has a market cap of $121.09 billion, a PE ratio of 13.31, a PEG ratio of 3.36 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last posted 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 return on equity of 13.75% and a net margin of 16.63%. Analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend payout ratio is currently 16.02%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CB. Wells Fargo & Company reduced their price objective on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Royal Bank of Canada restated an "outperform" rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Keefe, Bruyette & Woods boosted their price objective on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. Finally, Piper Sandler lifted their price target on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chubb presently has a consensus rating of "Hold" and an average price target of $303.14.

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.