Envestnet Asset Management Inc. Has $317.76 Million Holdings in Chubb Limited (NYSE:CB)

Envestnet Asset Management Inc. increased its stake in shares of Chubb Limited (NYSE:CB) by 5.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,150,039 shares of the financial services provider’s stock after purchasing an additional 56,426 shares during the period. Envestnet Asset Management Inc.’s holdings in Chubb were worth $317,756,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CB. Continuum Advisory LLC raised its position in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the last quarter. Raelipskie Partnership bought a new position in Chubb in the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the third quarter worth $29,000. Sierra Ocean LLC bought a new stake in shares of Chubb during the fourth quarter worth $29,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at $29,000. 83.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 12,231 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 78,422 shares in the company, valued at $23,120,374.04. The trade was a 13.49 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 over the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Down 7.2 %

Shares of CB stock opened at $280.74 on Friday. The company has a market capitalization of $112.41 billion, a price-to-earnings ratio of 12.36, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $306.91. The firm has a fifty day moving average of $282.25 and a 200-day moving average of $281.75. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.30%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Analysts Set New Price Targets

Several brokerages recently issued reports on CB. Wells Fargo & Company reduced their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Finally, HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Chubb has an average rating of “Hold” and a consensus target price of $303.14.

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.