Chubb Limited (NYSE:CB) Shares Bought by Rathbones Group PLC

Rathbones Group PLC increased its position in shares of Chubb Limited (NYSE:CB) by 0.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 334,223 shares of the financial services provider’s stock after buying an additional 320 shares during the period. Rathbones Group PLC’s holdings in Chubb were worth $92,346,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its position in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Raelipskie Partnership purchased a new position in shares of Chubb in the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the third quarter valued at $29,000. Sierra Ocean LLC acquired a new stake in shares of Chubb during the fourth quarter worth about $29,000. Finally, Crowley Wealth Management Inc. acquired a new stake in shares of Chubb in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the subject of several research reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Barclays decreased their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research report on Wednesday, March 5th. JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. raised their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $303.14.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was 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. The trade was a 4.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were 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 directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This trade represents a 11.40 % 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 owned by company insiders.

Chubb Stock Down 7.2 %

CB opened at $280.74 on Monday. The stock has a market capitalization of $112.41 billion, a price-to-earnings ratio of 12.36, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $306.91. 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 business has a 50-day moving average of $282.25 and a two-hundred day moving average of $281.69.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) 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%. On average, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders 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 dividend on an annualized basis and a yield of 1.30%. Chubb’s dividend payout ratio (DPR) is 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.