Chubb Limited (NYSE:CB) Shares Bought by NEOS Investment Management LLC

NEOS Investment Management LLC increased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 30.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 21,401 shares of the financial services provider's stock after acquiring an additional 4,973 shares during the quarter. NEOS Investment Management LLC's holdings in Chubb were worth $5,913,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC boosted its position in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb in the 3rd quarter valued at $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the 3rd quarter valued at $29,000. Sierra Ocean LLC purchased a new position in shares of Chubb in the 4th quarter worth $29,000. Finally, Crowley Wealth Management Inc. acquired a new position in Chubb in the fourth quarter valued at $29,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, 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 transaction, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. This represents a 4.22 % 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 over the last quarter. 0.86% of the stock is owned by company insiders.

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Wall Street Analysts Forecast Growth

CB has been the topic of several research analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Barclays cut their target price on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company cut their price objective 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 analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $303.14.

Chubb Stock Up 0.2 %

CB traded up $0.54 during trading on Tuesday, hitting $302.53. The company had a trading volume of 403,631 shares, compared to its average volume of 1,594,870. The business has a 50-day moving average of $279.92 and a 200-day moving average of $281.51. The company has a market cap of $121.14 billion, a PE ratio of 13.31, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $307.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.20%. The ex-dividend date of this dividend is 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.