Chubb Limited (NYSE:CB) Shares Acquired by MetLife Investment Management LLC

MetLife Investment Management LLC grew its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 1.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 99,747 shares of the financial services provider's stock after acquiring an additional 1,556 shares during the quarter. MetLife Investment Management LLC's holdings in Chubb were worth $27,560,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norinchukin Bank The lifted its stake in shares of Chubb by 10.2% in the 4th quarter. Norinchukin Bank The now owns 17,271 shares of the financial services provider's stock worth $4,772,000 after purchasing an additional 1,595 shares during the period. Ossiam raised its position in Chubb by 13.2% in the fourth quarter. Ossiam now owns 15,784 shares of the financial services provider's stock worth $4,361,000 after acquiring an additional 1,839 shares during the period. Capital International Inc. CA boosted its stake in shares of Chubb by 15.2% during the 4th quarter. Capital International Inc. CA now owns 165,818 shares of the financial services provider's stock worth $45,816,000 after acquiring an additional 21,871 shares during the last quarter. Capital Research Global Investors raised its holdings in Chubb by 1.5% in the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock worth $2,457,402,000 after purchasing an additional 131,075 shares during the period. Finally, Capital World Investors grew its holdings in Chubb by 1.9% during the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock valued at $3,172,194,000 after purchasing an additional 212,889 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CB. 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 upped 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. JPMorgan Chase & Co. boosted their price objective on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Barclays decreased their target price on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research note on Friday, April 11th. Finally, Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $307.79.

Insiders Place Their Bets

In other news, CAO George F. Ohsiek sold 763 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the transaction, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by corporate insiders.

Chubb Trading Down 1.4 %

CB traded down $4.02 during trading on Friday, hitting $277.98. 1,340,984 shares of the stock were exchanged, compared to its average volume of 1,626,987. Chubb Limited has a 1 year low of $242.25 and a 1 year high of $306.91. The firm has a market cap of $111.38 billion, a price-to-earnings ratio of 12.23, a P/E/G ratio of 3.36 and a beta of 0.47. The firm has a 50 day simple moving average of $286.14 and a 200 day simple moving average of $281.13. 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 posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 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.