AGF Management Ltd. Has $85.82 Million Stock Holdings in Chubb Limited (NYSE:CB)

AGF Management Ltd. increased its holdings in shares of Chubb Limited (NYSE:CB) by 9.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 310,612 shares of the financial services provider’s stock after purchasing an additional 25,885 shares during the period. AGF Management Ltd.’s holdings in Chubb were worth $85,822,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Impax Asset Management Group plc acquired a new position in Chubb in the 3rd quarter valued at approximately $26,336,000. Equitable Trust Co. grew its position in Chubb by 4.4% during the 3rd quarter. Equitable Trust Co. now owns 998 shares of the financial services provider’s stock worth $288,000 after acquiring an additional 42 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in Chubb during the 3rd quarter worth approximately $681,000. Atria Investments Inc lifted its holdings in Chubb by 5.4% during the 3rd quarter. Atria Investments Inc now owns 47,724 shares of the financial services provider’s stock worth $13,763,000 after buying an additional 2,457 shares in the last quarter. Finally, XML Financial LLC acquired a new position in Chubb during the 3rd quarter worth $205,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.86% of the company’s stock.

Chubb Stock Performance

Chubb stock opened at $293.32 on Tuesday. The business has a 50 day moving average of $272.37 and a 200-day moving average of $280.50. The company has a market capitalization of $117.45 billion, a P/E ratio of 12.91, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities research 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. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.24%. Chubb’s payout ratio is currently 16.02%.

Analysts Set New Price Targets

CB has been the topic of a number of analyst reports. Wells Fargo & Company cut their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $299.27.

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.