Chubb Limited (NYSE:CB) Stock Position Increased by Cohen & Steers Inc.

Cohen & Steers Inc. lifted its holdings in shares of Chubb Limited (NYSE:CB) by 5.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,553 shares of the financial services provider’s stock after acquiring an additional 79 shares during the period. Cohen & Steers Inc.’s holdings in Chubb were worth $429,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of CB. Sierra Ocean LLC bought a new stake in shares of Chubb in the 4th quarter worth $29,000. Crowley Wealth Management Inc. bought a new stake in Chubb in the fourth quarter worth about $29,000. Strategic Financial Concepts LLC acquired a new stake in Chubb in the 4th quarter valued at about $30,000. Human Investing LLC bought a new position in shares of Chubb during the 4th quarter valued at about $36,000. Finally, Mainstream Capital Management LLC acquired a new position in shares of Chubb in the 4th quarter worth approximately $37,000. 83.81% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CAO George F. Ohsiek sold 763 shares of the company’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm’s 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 completion of the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 in the last three months. 0.86% of the stock is owned by insiders.

Chubb Stock Performance

Shares of CB opened at $284.71 on Wednesday. The company has a market capitalization of $114.08 billion, a PE ratio of 12.53, a PEG ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company’s 50 day moving average price is $283.58 and its 200 day moving average price is $281.24. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $306.91.

Chubb (NYSE:CB) last posted its quarterly 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 net margin of 16.63% and a return on equity of 13.75%. Research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Analyst Ratings Changes

Several analysts recently commented on CB shares. Royal Bank of Canada restated an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. UBS Group raised their price objective on Chubb from $298.00 to $303.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 9th. Wells Fargo & Company cut their target price on Chubb from $271.00 to $268.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. Jefferies Financial Group increased their price target on Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Finally, Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and an average price target of $307.21.

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.