O Shaughnessy Asset Management LLC boosted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 10.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 67,235 shares of the financial services provider's stock after purchasing an additional 6,366 shares during the period. O Shaughnessy Asset Management LLC's holdings in Chubb were worth $18,577,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Chubb by 57.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock worth $102,840,000 after acquiring an additional 130,629 shares during the last quarter. Czech National Bank raised its position in shares of Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock valued at $22,458,000 after purchasing an additional 4,757 shares during the period. Barclays PLC lifted its stake in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after buying an additional 388,746 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of Chubb during the 3rd quarter worth about $27,424,000. Finally, Versant Capital Management Inc grew its stake in Chubb by 133.9% in the 4th quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock valued at $153,000 after buying an additional 316 shares during the last quarter. 83.81% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have recently issued reports on the company. JMP Securities restated a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Wells Fargo & Company reduced their price target on Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods increased their price objective on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Finally, Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $303.14.
View Our Latest Report on Chubb
Insider Buying and Selling
In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was 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 represents a 33.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now owns 77,703 shares of the company's stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 in the last three months. 0.86% of the stock is owned by corporate insiders.
Chubb Price Performance
NYSE CB traded up $0.62 on Wednesday, hitting $302.02. 1,534,179 shares of the company's stock were exchanged, compared to its average volume of 1,602,120. The stock has a 50-day moving average of $280.57 and a 200-day moving average of $281.60. The stock has a market cap of $120.93 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $304.34. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.
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, topping 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 expect that Chubb Limited will post 21.52 earnings per share for the current year.
Chubb Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued 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 is Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 16.02%.
Chubb Company Profile
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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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