Zions Bancorporation N.A. Raises Stock Position in Chubb Limited (NYSE:CB)

Zions Bancorporation N.A. grew its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 59.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,858 shares of the financial services provider's stock after purchasing an additional 1,441 shares during the quarter. Zions Bancorporation N.A.'s holdings in Chubb were worth $1,066,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Raymond James Financial Inc. purchased a new stake in Chubb during the 4th quarter worth about $1,158,897,000. GQG Partners LLC increased its position in shares of Chubb by 36.3% during the fourth quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider's stock valued at $1,223,932,000 after buying an additional 1,178,628 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of Chubb by 41,494.7% in the fourth quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider's stock worth $224,566,000 after buying an additional 810,807 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Chubb by 49.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider's stock valued at $338,070,000 after acquiring an additional 389,343 shares during the period. Finally, Barclays PLC grew its stake in Chubb by 28.1% during the third 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 in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. 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 raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. Keefe, Bruyette & Woods upped their target price on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. Finally, Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Two equities 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $301.00.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the sale, the executive vice president now owns 78,422 shares of the company's stock, valued at $23,120,374.04. This trade represents a 13.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the company's stock in a transaction dated 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 directly owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 in the last ninety days. 0.86% of the stock is owned by insiders.

Chubb Trading Up 1.9 %

Shares of CB traded up $5.75 during mid-day trading on Monday, reaching $302.19. The company's stock had a trading volume of 2,452,942 shares, compared to its average volume of 1,599,474. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $303.66. The stock has a market cap of $121.00 billion, a PE ratio of 13.30, a P/E/G ratio of 3.36 and a beta of 0.66. The company's fifty day moving average price is $279.92 and its two-hundred day moving average price is $281.51. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

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

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.20%. The ex-dividend date is Friday, March 14th. Chubb's dividend payout ratio is presently 16.02%.

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.