Prudential Financial Inc. Has $13.02 Million Position in Chubb Limited (NYSE:CB)

Prudential Financial Inc. cut its position in shares of Chubb Limited (NYSE:CB - Free Report) by 26.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,112 shares of the financial services provider's stock after selling 17,226 shares during the quarter. Prudential Financial Inc.'s holdings in Chubb were worth $13,017,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CB. Keefe, Bruyette & Woods increased their price target on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Piper Sandler increased their target price on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday. 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. JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Finally, Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, Chubb has a consensus rating of "Hold" and an average target price of $303.14.

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Insider Activity

In other news, EVP Joseph F. Wayland sold 10,000 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 77,703 shares of the company's stock, valued at $22,297,652.88. The trade was a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now owns 584,395 shares of the company's stock, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Down 0.1 %

CB traded down $0.45 during trading on Tuesday, reaching $301.54. 1,483,827 shares of the stock traded hands, compared to its average volume of 1,602,385. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $304.34. The stock's 50-day simple moving average is $280.57 and its two-hundred day simple moving average is $281.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock has a market cap of $120.74 billion, a price-to-earnings ratio of 13.27, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS 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%. As a group, equities research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given 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 yield of 1.21%. Chubb's dividend payout ratio (DPR) is presently 16.02%.

Chubb Company 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.