Rockefeller Capital Management L.P. Purchases 6,611 Shares of Chubb Limited (NYSE:CB)

Rockefeller Capital Management L.P. raised its position in shares of Chubb Limited (NYSE:CB - Free Report) by 3.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 213,632 shares of the financial services provider's stock after buying an additional 6,611 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.05% of Chubb worth $59,018,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Sierra Ocean LLC bought a new position in shares of Chubb during the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. bought a new stake in Chubb in the fourth quarter valued at $29,000. Human Investing LLC acquired a new position in shares of Chubb during the fourth quarter valued at $36,000. Mainstream Capital Management LLC bought a new position in shares of Chubb during the fourth quarter worth about $37,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Chubb in the 4th quarter worth about $40,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Analyst Ratings Changes

CB has been the subject of a number of analyst reports. JMP Securities reissued a "market outperform" rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Wells Fargo & Company decreased their price target on Chubb from $271.00 to $268.00 and set an "equal weight" rating for the company in a research note on Thursday, April 10th. Finally, Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Chubb has an average rating of "Hold" and a consensus target price of $307.21.

Chubb Trading Up 0.1 %

Shares of NYSE CB traded up $0.22 during mid-day trading on Friday, hitting $285.29. 2,477,527 shares of the company traded hands, compared to its average volume of 1,636,252. The business has a 50 day moving average of $284.27 and a two-hundred day moving average of $281.25. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $114.31 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 3.36 and a beta of 0.47. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

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

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the business's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

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.