Martingale Asset Management L P Reduces Stock Position in Chubb Limited (NYSE:CB)

Martingale Asset Management L P trimmed its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 6.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,663 shares of the financial services provider's stock after selling 5,558 shares during the period. Martingale Asset Management L P's holdings in Chubb were worth $22,287,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Faithward Advisors LLC lifted its holdings in shares of Chubb by 0.9% during the 4th quarter. Faithward Advisors LLC now owns 7,632 shares of the financial services provider's stock valued at $2,109,000 after buying an additional 68 shares during the period. APG Asset Management N.V. lifted its holdings in Chubb by 386.3% in the fourth quarter. APG Asset Management N.V. now owns 309,795 shares of the financial services provider's stock valued at $82,662,000 after acquiring an additional 246,095 shares during the period. Advisory Services Network LLC boosted its position in Chubb by 20.9% in the fourth quarter. Advisory Services Network LLC now owns 24,374 shares of the financial services provider's stock worth $6,735,000 after purchasing an additional 4,218 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Chubb in the 4th quarter worth approximately $19,893,000. Finally, Bank of Nova Scotia boosted its holdings in shares of Chubb by 675.2% in the fourth quarter. Bank of Nova Scotia now owns 378,641 shares of the financial services provider's stock worth $104,619,000 after buying an additional 329,797 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. upped their price objective on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Piper Sandler boosted their price objective on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research note on Tuesday, April 1st. Jefferies Financial Group lifted their price target on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, Barclays cut their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $307.21.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was 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 approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the business's stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by corporate insiders.

Chubb Price Performance

Shares of NYSE CB traded up $4.46 during mid-day trading on Monday, hitting $287.83. 350,509 shares of the company's stock traded hands, compared to its average volume of 1,847,880. The company has a market capitalization of $115.33 billion, a P/E ratio of 12.67, a PEG ratio of 3.36 and a beta of 0.47. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $306.91. 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 company's 50-day moving average is $283.03 and its two-hundred day moving average is $281.22.

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

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. Chubb's dividend payout ratio is currently 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.