Twin Capital Management Inc. Has $4.20 Million Stock Position in Chubb Limited (NYSE:CB)

Twin Capital Management Inc. boosted its holdings in Chubb Limited (NYSE:CB - Free Report) by 13.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,200 shares of the financial services provider's stock after buying an additional 1,762 shares during the period. Twin Capital Management Inc.'s holdings in Chubb were worth $4,200,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Invesco Ltd. increased its position in shares of Chubb by 6.6% in the fourth quarter. Invesco Ltd. now owns 2,599,581 shares of the financial services provider's stock worth $718,264,000 after acquiring an additional 161,766 shares in the last quarter. Sierra Summit Advisors LLC boosted its position in Chubb by 25.0% during the 4th quarter. Sierra Summit Advisors LLC now owns 6,361 shares of the financial services provider's stock worth $1,758,000 after purchasing an additional 1,274 shares during the period. FMR LLC increased its holdings in Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after purchasing an additional 91,892 shares in the last quarter. Federated Hermes Inc. raised its position in Chubb by 0.5% in the fourth quarter. Federated Hermes Inc. now owns 295,231 shares of the financial services provider's stock valued at $81,572,000 after purchasing an additional 1,391 shares during the period. Finally, Titleist Asset Management LLC lifted its stake in shares of Chubb by 13.9% during the fourth quarter. Titleist Asset Management LLC now owns 1,236 shares of the financial services provider's stock worth $341,000 after purchasing an additional 151 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CB. Piper Sandler raised their target price on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Keefe, Bruyette & Woods cut their price objective on shares of Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a report on Wednesday. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. JMP Securities reissued a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an "outperform" rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $303.67.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction 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 transaction, the chief executive officer now owns 584,395 shares in the company, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares of the company's stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock valued at $18,562,730 over the last quarter. Company insiders own 0.86% of the company's stock.

Chubb Price Performance

Shares of NYSE CB traded up $0.96 during mid-day trading on Friday, reaching $283.30. 2,562,466 shares of the company traded hands, compared to its average volume of 1,634,658. The stock has a fifty day simple moving average of $283.03 and a 200-day simple moving average of $281.28. 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 firm has a market cap of $113.51 billion, a PE ratio of 12.47, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data 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 net margin of 16.63% and a return on equity of 13.75%. Equities research analysts anticipate that Chubb Limited will post 21.52 EPS 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 paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio is 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.