Mitsubishi UFJ Asset Management UK Ltd. grew its stake in Chubb Limited (NYSE:CB - Free Report) by 22.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,000 shares of the financial services provider's stock after purchasing an additional 2,000 shares during the quarter. Chubb comprises about 1.6% of Mitsubishi UFJ Asset Management UK Ltd.'s holdings, making the stock its 12th biggest holding. Mitsubishi UFJ Asset Management UK Ltd.'s holdings in Chubb were worth $3,172,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. Pathway Financial Advisers LLC bought a new stake in shares of Chubb during the 1st quarter valued at $25,000. Beacon Capital Management LLC lifted its holdings in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock valued at $25,000 after purchasing an additional 42 shares during the last quarter. Chilton Capital Management LLC bought a new stake in shares of Chubb in the 2nd quarter worth approximately $26,000. Strategic Financial Concepts LLC purchased a new stake in shares of Chubb in the second quarter worth $28,000. Finally, Wellington Shields Capital Management LLC bought a new position in shares of Chubb during the first quarter valued at $29,000. 83.81% of the stock is owned by institutional investors.
Insider Transactions at Chubb
In other news, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $289.60, for a total value of $8,780,092.80. Following the sale, the chief executive officer now owns 553,664 shares of the company's stock, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Chubb news, CEO Evan G. Greenberg sold 30,537 shares of the stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $287.25, for a total transaction of $8,771,753.25. Following the transaction, the chief executive officer now directly owns 583,982 shares in the company, valued at $167,748,829.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 30,318 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 86,636 shares of company stock worth $24,874,208 in the last three months. Insiders own 0.86% of the company's stock.
Chubb Price Performance
CB traded down $0.23 during trading on Friday, reaching $301.66. 1,705,625 shares of the company traded hands, compared to its average volume of 1,618,688. The company has a market cap of $122.49 billion, a P/E ratio of 13.39, a PEG ratio of 5.87 and a beta of 0.66. Chubb Limited has a 12-month low of $205.64 and a 12-month high of $302.05. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.31 and a current ratio of 0.31. The firm has a fifty day simple moving average of $284.79 and a 200 day simple moving average of $267.99.
Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, July 23rd. The financial services provider reported $5.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.04 by $0.34. The firm had revenue of $13.36 billion for the quarter, compared to analysts' expectations of $13.04 billion. Chubb had a return on equity of 15.77% and a net margin of 18.14%. The business's revenue was up 11.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.92 earnings per share. On average, equities analysts forecast that Chubb Limited will post 21.32 EPS for the current year.
Chubb Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Shareholders of record on Friday, September 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, September 13th. This represents a $3.64 annualized dividend and a yield of 1.21%. Chubb's dividend payout ratio (DPR) is currently 16.16%.
Wall Street Analyst Weigh In
Several research analysts have recently issued reports on the stock. Morgan Stanley dropped their target price on shares of Chubb from $260.00 to $259.00 and set an "equal weight" rating on the stock in a research note on Wednesday, July 10th. William Blair cut Chubb from a "market perform" rating to an "underperform" rating in a research report on Friday, June 28th. Jefferies Financial Group boosted their target price on Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Royal Bank of Canada raised their price target on shares of Chubb from $285.00 to $295.00 and gave the company an "outperform" rating in a report on Thursday, July 25th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $304.00 to $305.00 and gave the stock an "outperform" rating in a research report on Monday, July 29th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has a consensus rating of "Hold" and an average price target of $282.37.
View Our Latest Stock Report on Chubb
About Chubb
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Free Report)
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.
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