Nomura Asset Management Co. Ltd. Increases Stake in Chubb Limited (NYSE:CB)

Nomura Asset Management Co. Ltd. lifted its holdings in Chubb Limited (NYSE:CB - Free Report) by 0.5% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 260,483 shares of the financial services provider's stock after purchasing an additional 1,289 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.06% of Chubb worth $71,971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC raised its position in 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 period. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the third quarter worth about $29,000. Raelipskie Partnership purchased a new stake in Chubb in the third quarter worth about $29,000. Sierra Ocean LLC bought a new position in shares of Chubb in the fourth quarter worth about $29,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of Chubb during the 4th quarter valued at about $29,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Trading Up 0.3 %

NYSE CB traded up $0.84 during trading hours on Tuesday, hitting $302.83. 515,450 shares of the company were exchanged, compared to its average volume of 1,788,508. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $304.34. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a 50-day moving average price of $279.92 and a 200 day moving average price of $281.51. The stock has a market cap of $121.26 billion, a PE ratio of 13.33, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

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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%. Analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.20%. Chubb's dividend payout ratio is presently 16.02%.

Analyst Upgrades and Downgrades

A number of research firms have commented on CB. Piper Sandler raised their target price on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday. Wells Fargo & Company lowered their target price on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. 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. Finally, Royal Bank of Canada reissued an "outperform" rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $303.14.

Insider Activity at Chubb

In related news, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the transaction, the chief accounting officer now owns 20,044 shares of the company's stock, valued at $5,820,978.04. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,470 shares of company stock worth $18,562,730. Insiders own 0.86% of the company's stock.

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.