Chubb Limited (NYSE:CB) Stock Holdings Increased by Hsbc Holdings PLC

Hsbc Holdings PLC lifted its holdings in Chubb Limited (NYSE:CB) by 7.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 451,554 shares of the financial services provider’s stock after purchasing an additional 31,028 shares during the quarter. Hsbc Holdings PLC owned 0.11% of Chubb worth $124,652,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of CB. Fayez Sarofim & Co boosted its stake in Chubb by 4.7% during the 4th quarter. Fayez Sarofim & Co now owns 1,256,098 shares of the financial services provider’s stock valued at $347,060,000 after purchasing an additional 56,679 shares in the last quarter. OneDigital Investment Advisors LLC lifted its holdings in shares of Chubb by 33.1% in the fourth quarter. OneDigital Investment Advisors LLC now owns 12,241 shares of the financial services provider’s stock valued at $3,382,000 after buying an additional 3,042 shares during the period. Van Lanschot Kempen Investment Management N.V. boosted its stake in Chubb by 18.0% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 461,027 shares of the financial services provider’s stock valued at $127,382,000 after buying an additional 70,453 shares in the last quarter. TD Waterhouse Canada Inc. grew its holdings in Chubb by 20.8% during the fourth quarter. TD Waterhouse Canada Inc. now owns 60,758 shares of the financial services provider’s stock worth $16,792,000 after acquiring an additional 10,469 shares during the period. Finally, Teachers Retirement System of The State of Kentucky raised its position in Chubb by 0.8% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 214,387 shares of the financial services provider’s stock worth $59,236,000 after acquiring an additional 1,678 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of NYSE:CB opened at $290.58 on Wednesday. The firm has a market cap of $116.43 billion, a price-to-earnings ratio of 12.79, a P/E/G ratio of 3.36 and a beta of 0.47. Chubb Limited has a 1 year low of $238.85 and a 1 year 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 business has a fifty day simple moving average of $285.38 and a 200 day simple moving average of $281.07.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. The business had revenue of $12.65 billion during the quarter, compared to analysts’ expectations of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s payout ratio is presently 16.02%.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 12,231 shares of Chubb 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 transaction, the executive vice president now owns 78,422 shares of the company’s stock, valued at $23,120,374.04. This trade represents a 13.49 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the company’s stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 63,470 shares of company stock worth $18,562,730. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Piper Sandler lifted their target price on Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday, April 1st. Jefferies Financial Group upped their target price on Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a report on Friday, April 11th. 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. Finally, HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus target price 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.