Mitsubishi UFJ Asset Management Co. Ltd. Has $167.91 Million Stock Holdings in Chubb Limited (NYSE:CB)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 8.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 617,920 shares of the financial services provider's stock after purchasing an additional 47,315 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.15% of Chubb worth $167,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Continuum Advisory LLC increased its holdings in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb during the 3rd quarter worth about $29,000. Raelipskie Partnership bought a new stake in shares of Chubb in the 3rd quarter valued at about $29,000. Sierra Ocean LLC acquired a new stake in shares of Chubb in the 4th quarter valued at approximately $29,000. Finally, Crowley Wealth Management Inc. bought a new position in Chubb during the 4th quarter worth approximately $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. JMP Securities restated a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chubb currently has an average rating of "Hold" and an average price target of $303.14.

Remove Ads

Chubb Stock Down 0.1 %

CB traded down $0.45 during trading hours on Tuesday, hitting $301.54. 1,483,827 shares of the company's stock were exchanged, compared to its average volume of 1,602,385. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $304.34. The stock's 50-day moving average is $280.57 and its two-hundred day moving average is $281.60. The stock has a market cap of $120.74 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 3.36 and a beta of 0.66.

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 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%. Sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders 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 1.21%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend payout ratio (DPR) is 16.02%.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value 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 $8,644,927.28. This trade represents a 33.56 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO George F. Ohsiek sold 763 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 in the last 90 days. Corporate insiders own 0.86% of the company's stock.

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.