Royal London Asset Management Ltd. Has $61.93 Million Stake in Chubb Limited (NYSE:CB)

Royal London Asset Management Ltd. raised its stake in Chubb Limited (NYSE:CB - Free Report) by 6.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 214,725 shares of the financial services provider's stock after acquiring an additional 12,623 shares during the period. Royal London Asset Management Ltd. owned approximately 0.05% of Chubb worth $61,925,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Beacon Capital Management LLC boosted its position in shares of Chubb by 76.4% during the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock worth $25,000 after acquiring an additional 42 shares in the last quarter. Chilton Capital Management LLC bought a new position in shares of Chubb in the 2nd quarter valued at $26,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb during the 2nd quarter worth $28,000. Kozak & Associates Inc. bought a new stake in shares of Chubb during the 3rd quarter worth $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb in the third quarter valued at about $30,000. 83.81% of the stock is currently owned by institutional investors.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 30,318 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $289.60, for a total transaction of $8,780,092.80. Following the transaction, the chief executive officer now owns 553,664 shares in the company, valued at approximately $160,341,094.40. This represents a 5.19 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have commented on CB. Bank of America boosted their target price on Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a research note on Thursday, October 10th. Barclays initiated coverage on shares of Chubb in a research note on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 price objective for the company. Jefferies Financial Group boosted their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Finally, Evercore ISI boosted their price objective on Chubb from $289.00 to $293.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $287.37.

Chubb Trading Down 1.2 %

Chubb stock traded down $3.45 during mid-day trading on Friday, hitting $283.17. 1,507,315 shares of the stock were exchanged, compared to its average volume of 1,597,495. The stock has a market capitalization of $114.15 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 6.66 and a beta of 0.67. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm's fifty day simple moving average is $287.01 and its two-hundred day simple moving average is $276.20.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts' consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb's quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm earned $4.95 earnings per share. Analysts forecast that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, December 13th. Chubb's dividend payout ratio is 14.91%.

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.