Marshall Wace LLP Purchases 181,250 Shares of Chubb Limited (NYSE:CB)

Marshall Wace LLP raised its stake in Chubb Limited (NYSE:CB - Free Report) by 1,767.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 191,507 shares of the financial services provider's stock after buying an additional 181,250 shares during the quarter. Marshall Wace LLP's holdings in Chubb were worth $52,913,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in shares of Chubb during the fourth quarter worth $29,000. Crowley Wealth Management Inc. acquired a new position in Chubb in the 4th quarter worth about $29,000. Human Investing LLC purchased a new stake in shares of Chubb during the 4th quarter worth about $36,000. Mainstream Capital Management LLC acquired a new stake in shares of Chubb during the 4th quarter valued at about $37,000. Finally, Whipplewood Advisors LLC bought a new stake in shares of Chubb in the 4th quarter valued at approximately $40,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Performance

Shares of NYSE:CB traded down $5.20 on Monday, hitting $280.39. 1,487,087 shares of the company were exchanged, compared to its average volume of 1,632,186. The company's 50 day moving average price is $284.62 and its two-hundred day moving average price is $281.08. The firm has a market capitalization of $112.35 billion, a price-to-earnings ratio of 12.34, a PEG ratio of 3.36 and a beta of 0.47. 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 Limited has a one year low of $238.85 and a one year high of $306.91.

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

Chubb Dividend Announcement

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 1.30%. Chubb's dividend payout ratio (DPR) is currently 16.02%.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction that occurred 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 sale, the executive vice president now directly owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the company's 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 owns 77,703 shares in the company, valued at approximately $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.

Analysts Set New Price Targets

CB has been the topic of several recent research reports. JMP Securities reaffirmed a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Wells Fargo & Company decreased their price objective on shares of Chubb from $271.00 to $268.00 and set an "equal weight" rating for the company in a report on Thursday, April 10th. Royal Bank of Canada restated an "outperform" rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. UBS Group increased their price objective on Chubb from $298.00 to $303.00 and gave the company a "neutral" rating in a report on Wednesday, April 9th. Finally, HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has a consensus rating of "Hold" and a consensus price target of $307.21.

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.