Norinchukin Bank The Buys 1,595 Shares of Chubb Limited (NYSE:CB)

Norinchukin Bank The increased its stake in Chubb Limited (NYSE:CB - Free Report) by 10.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,271 shares of the financial services provider's stock after acquiring an additional 1,595 shares during the quarter. Norinchukin Bank The's holdings in Chubb were worth $4,772,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. First Financial Bank Trust Division lifted its stake in Chubb by 3.7% in the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider's stock valued at $283,000 after acquiring an additional 37 shares during the last quarter. Rede Wealth LLC raised its stake in Chubb by 2.0% in the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider's stock valued at $525,000 after buying an additional 37 shares during the period. Sfmg LLC lifted its position in shares of Chubb by 2.4% in the third quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock valued at $485,000 after buying an additional 40 shares during the last quarter. United Asset Strategies Inc. boosted its stake in shares of Chubb by 1.3% during the 4th quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock worth $851,000 after acquiring an additional 40 shares during the period. Finally, Avitas Wealth Management LLC increased its holdings in shares of Chubb by 0.5% during the 4th quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock worth $2,421,000 after acquiring an additional 40 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of Chubb stock traded down $5.66 during trading on Wednesday, reaching $284.76. 2,102,700 shares of the company's stock were exchanged, compared to its average volume of 1,632,911. The firm's 50-day moving average price is $285.38 and its 200 day moving average price is $281.07. The company has a market cap of $114.10 billion, a P/E ratio of 12.53, a PEG ratio of 3.36 and a beta of 0.47. 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 Limited has a 1-year low of $238.85 and a 1-year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders 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 dividend on an annualized basis and a yield of 1.28%. Chubb's payout ratio is currently 16.02%.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value 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 $22,297,652.88. This trade represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Wells Fargo & Company reduced their price objective on shares of Chubb from $271.00 to $268.00 and set an "equal weight" rating for the company in a research report on Thursday, April 10th. Jefferies Financial Group upped their price target on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Barclays decreased their target price on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $307.21.

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.