Schroder Investment Management Group Increases Stock Position in Chubb Limited (NYSE:CB)

Schroder Investment Management Group boosted its position in Chubb Limited (NYSE:CB - Free Report) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,218,918 shares of the financial services provider's stock after purchasing an additional 6,253 shares during the period. Schroder Investment Management Group owned 0.30% of Chubb worth $335,702,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in shares of Chubb during the fourth quarter worth about $1,169,720,000. Raymond James Financial Inc. acquired a new stake in Chubb during the 4th quarter valued at approximately $1,158,897,000. GQG Partners LLC raised its holdings in Chubb by 36.3% during the 4th quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider's stock worth $1,223,932,000 after purchasing an additional 1,178,628 shares during the last quarter. Beutel Goodman & Co Ltd. lifted its position in shares of Chubb by 1,007,698.0% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider's stock worth $278,454,000 after purchasing an additional 1,007,698 shares during the period. Finally, Proficio Capital Partners LLC boosted its stake in shares of Chubb by 41,494.7% in the 4th quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider's stock valued at $224,566,000 after purchasing an additional 810,807 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Insider Activity at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 12,231 shares of the business's stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the transaction, the executive vice president now owns 78,422 shares in the company, valued at approximately $23,120,374.04. The trade was a 13.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by insiders.

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Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada reissued an "outperform" rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lifted their target price on Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Piper Sandler increased their price target on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $303.14.

Chubb Stock Up 1.5 %

Chubb stock traded up $4.60 during trading on Thursday, hitting $306.14. 758,249 shares of the company were exchanged, compared to its average volume of 1,601,634. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business's 50 day moving average is $281.24 and its 200 day moving average is $281.74. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $306.38. The company has a market capitalization of $122.58 billion, a P/E ratio of 13.47, a PEG ratio of 3.36 and a beta of 0.66.

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 analysts' consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend payout ratio is presently 16.02%.

About Chubb

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.