Invesco Ltd. Acquires 161,766 Shares of Chubb Limited (NYSE:CB)

Invesco Ltd. boosted its stake in Chubb Limited (NYSE:CB) by 6.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,599,581 shares of the financial services provider’s stock after purchasing an additional 161,766 shares during the period. Invesco Ltd.’s holdings in Chubb were worth $718,264,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of CB. Continuum Advisory LLC lifted its position in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. Raelipskie Partnership bought a new stake in shares of Chubb in the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb during the third quarter valued at about $29,000. Sierra Ocean LLC acquired a new stake in shares of Chubb in the 4th quarter valued at about $29,000. Finally, Crowley Wealth Management Inc. bought a new stake in shares of Chubb during the fourth quarter valued at approximately $29,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

Shares of CB opened at $274.13 on Tuesday. 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 stock has a 50-day moving average price of $282.20 and a 200-day moving average price of $281.58. The company has a market cap of $109.76 billion, a PE ratio of 12.07, 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.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts forecast 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. Stockholders of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. Chubb’s dividend payout ratio (DPR) is 16.02%.

Analysts Set New Price Targets

CB has been the subject of several recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Wells Fargo & Company cut their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Barclays dropped their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $303.14.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the company’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 owns 584,395 shares in the company, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 12,231 shares of the 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 completion of the transaction, the executive vice president now directly owns 78,422 shares of the company’s stock, valued at $23,120,374.04. This represents a 13.49 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 in the last ninety days. 0.86% of the stock is owned by insiders.

Chubb Company 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.