QRG Capital Management Inc. Acquires 2,981 Shares of Chubb Limited (NYSE:CB)

QRG Capital Management Inc. boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 87,597 shares of the financial services provider's stock after purchasing an additional 2,981 shares during the period. QRG Capital Management Inc.'s holdings in Chubb were worth $24,203,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. FMR LLC boosted its holdings in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock worth $4,492,103,000 after buying an additional 1,052,999 shares during the last quarter. Barclays PLC boosted its stake in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after acquiring an additional 388,746 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Chubb by 49.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider's stock valued at $338,070,000 after acquiring an additional 389,343 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of Chubb by 0.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider's stock worth $266,940,000 after purchasing an additional 7,462 shares during the last quarter. Finally, National Pension Service raised its holdings in shares of Chubb by 14.1% in the 3rd quarter. National Pension Service now owns 813,125 shares of the financial services provider's stock worth $234,497,000 after purchasing an additional 100,470 shares during the period. Institutional investors own 83.81% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on CB. Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a report on Monday, January 6th. JMP Securities reiterated a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price objective on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a report on Friday, January 31st. Finally, Wells Fargo & Company reduced their target price on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, Chubb currently has an average rating of "Hold" and a consensus price target of $295.73.

Chubb Price Performance

Shares of CB traded up $3.65 during mid-day trading on Friday, reaching $285.34. 2,528,712 shares of the stock traded hands, compared to its average volume of 1,706,331. The company has a market cap of $115.02 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The firm has a fifty day moving average price of $271.02 and a 200 day moving average price of $279.87. 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 released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating 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 predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders 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 annualized dividend and a yield of 1.28%. Chubb's payout ratio is presently 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.