Umpqua Bank Buys 2,006 Shares of Chubb Limited (NYSE:CB)

Umpqua Bank raised its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 163.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,231 shares of the financial services provider's stock after buying an additional 2,006 shares during the period. Umpqua Bank's holdings in Chubb were worth $858,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. FMR LLC grew its position in Chubb by 7.3% in the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock worth $4,492,103,000 after acquiring an additional 1,052,999 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Chubb in the fourth quarter worth about $1,158,897,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Chubb by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider's stock worth $617,573,000 after acquiring an additional 46,068 shares in the last quarter. Barclays PLC increased its holdings in shares of Chubb by 28.1% during the 3rd 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. Finally, Amundi raised its stake in shares of Chubb by 8.1% in the 4th quarter. Amundi now owns 1,308,179 shares of the financial services provider's stock valued at $348,826,000 after acquiring an additional 97,705 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

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Chubb Stock Performance

CB stock traded down $0.41 during midday trading on Tuesday, hitting $291.03. The stock had a trading volume of 387,277 shares, compared to its average volume of 1,802,663. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. 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 stock has a 50-day simple moving average of $277.16 and a 200 day simple moving average of $281.22. The firm has a market capitalization of $116.53 billion, a price-to-earnings ratio of 12.81, a P/E/G ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB - Get Free Report) last issued its 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 net margin of 16.63% and a return on equity of 13.75%. As a group, equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. Chubb's dividend payout ratio is currently 16.02%.

Insider Transactions at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The shares were 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 owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. This trade represents a 33.56 % 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 Joseph F. Wayland sold 10,000 shares of the business's 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 completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,470 shares of company stock valued at $18,562,730. Corporate insiders own 0.86% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the company. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. Royal Bank of Canada reiterated an "outperform" rating and issued a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. raised their price target on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. 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 given a strong buy rating to the company. According to MarketBeat.com, Chubb presently has an average rating of "Hold" and a consensus target price of $301.00.

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.