Payden & Rygel Sells 6,300 Shares of Chubb Limited (NYSE:CB)

Payden & Rygel reduced its stake in Chubb Limited (NYSE:CB - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,370 shares of the financial services provider's stock after selling 6,300 shares during the period. Chubb makes up approximately 1.7% of Payden & Rygel's holdings, making the stock its 17th largest holding. Payden & Rygel's holdings in Chubb were worth $19,720,000 as of its most recent SEC filing.

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

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the company's stock in a transaction on 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 transaction, 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of Chubb 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 transaction, the chief accounting officer now owns 20,044 shares of the company's stock, valued at $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 in the last quarter. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently weighed in on CB shares. HSBC raised shares of 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. Keefe, Bruyette & Woods decreased their price target on shares of Chubb from $329.00 to $316.00 and set an "outperform" rating for the company in a report on Wednesday. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, seven 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 currently has an average rating of "Hold" and a consensus price target of $302.73.

Chubb Trading Down 0.3 %

Shares of NYSE:CB traded down $0.82 during midday trading on Thursday, hitting $283.80. 842,467 shares of the stock were exchanged, compared to its average volume of 1,628,235. The business's 50-day moving average price is $282.65 and its 200 day moving average price is $281.38. 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 12 month low of $238.85 and a 12 month high of $306.91. The stock has a market capitalization of $113.64 billion, a price-to-earnings ratio of 12.42, a P/E/G ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data 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%. Analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's payout ratio is 16.02%.

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.