Chubb Limited (NYSE:CB) Shares Acquired by APG Asset Management N.V.

APG Asset Management N.V. increased its position in shares of Chubb Limited (NYSE:CB) by 386.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 309,795 shares of the financial services provider’s stock after purchasing an additional 246,095 shares during the period. APG Asset Management N.V.’s holdings in Chubb were worth $82,662,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Advisory Services Network LLC raised its position in shares of Chubb by 20.9% during the 4th quarter. Advisory Services Network LLC now owns 24,374 shares of the financial services provider’s stock worth $6,735,000 after acquiring an additional 4,218 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Chubb during the 4th quarter worth approximately $19,893,000. Bank of Nova Scotia boosted its holdings in shares of Chubb by 675.2% in the 4th quarter. Bank of Nova Scotia now owns 378,641 shares of the financial services provider’s stock valued at $104,619,000 after buying an additional 329,797 shares in the last quarter. FIL Ltd raised its stake in Chubb by 131.0% during the 4th quarter. FIL Ltd now owns 11,160 shares of the financial services provider’s stock worth $3,084,000 after acquiring an additional 6,329 shares in the last quarter. Finally, Southeast Asset Advisors LLC lifted its position in Chubb by 16.8% in the fourth quarter. Southeast Asset Advisors LLC now owns 918 shares of the financial services provider’s stock valued at $254,000 after acquiring an additional 132 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on CB. Barclays cut their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. 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 analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb has an average rating of “Hold” and an average target price of $303.14.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the transaction, the executive vice president now owns 78,422 shares of the company’s stock, valued at $23,120,374.04. This represents a 13.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 in the last 90 days. 0.86% of the stock is currently owned by insiders.

Chubb Trading Down 2.3 %

Shares of CB opened at $274.13 on Tuesday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91. 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 firm has a market capitalization of $109.76 billion, a P/E ratio of 12.07, a PEG ratio of 3.36 and a beta of 0.47. The firm’s 50-day moving average is $282.20 and its two-hundred day moving average is $281.58.

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

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s dividend payout ratio is currently 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.