Mariner LLC Acquires 1,977 Shares of Chubb Limited (NYSE:CB)

Mariner LLC boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,580 shares of the financial services provider's stock after acquiring an additional 1,977 shares during the period. Mariner LLC's holdings in Chubb were worth $30,553,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of research firms recently issued reports on CB. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. UBS Group boosted their target price on shares of Chubb from $298.00 to $303.00 and gave the stock a "neutral" rating in a report on Wednesday, April 9th. Keefe, Bruyette & Woods decreased their price target on shares of Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Barclays cut their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Finally, Jefferies Financial Group raised 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 investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $307.21.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction on Tuesday, March 18th. The stock was 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 directly owns 29,194 shares in the company, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated 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 transaction, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 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.

Chubb Stock Down 1.2 %

NYSE:CB traded down $3.48 during mid-day trading on Monday, reaching $282.12. The stock had a trading volume of 169,054 shares, compared to its average volume of 1,626,995. 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 stock has a market cap of $113.04 billion, a P/E ratio of 12.42, a PEG ratio of 3.36 and a beta of 0.47. The business's 50 day moving average is $284.62 and its 200 day moving average is $281.08. 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 quarterly earnings data 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 predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.29%. Chubb's dividend payout ratio (DPR) 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.