Janus Henderson Group PLC Raises Holdings in Chubb Limited (NYSE:CB)

Janus Henderson Group PLC boosted its stake in shares of Chubb Limited (NYSE:CB) by 21.6% in the 4th quarter, HoldingsChannel reports. The fund owned 85,112 shares of the financial services provider’s stock after buying an additional 15,127 shares during the quarter. Janus Henderson Group PLC’s holdings in Chubb were worth $23,521,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Sierra Ocean LLC bought a new position in Chubb during the 4th quarter valued at approximately $29,000. Crowley Wealth Management Inc. bought a new position in Chubb during the 4th quarter valued at approximately $29,000. Strategic Financial Concepts LLC bought a new position in Chubb during the 4th quarter valued at approximately $30,000. Kayne Anderson Rudnick Investment Management LLC raised its position in Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock valued at $34,000 after purchasing an additional 89 shares during the last quarter. Finally, Human Investing LLC bought a new position in Chubb during the 4th quarter valued at approximately $36,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Up 3.8%

CB stock opened at $292.02 on Friday. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm has a market cap of $117.02 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The business has a 50 day moving average of $288.37 and a 200 day moving average of $280.64.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating analysts’ consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. On average, research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb announced that its Board of Directors has approved a stock repurchase plan on Thursday, May 15th that allows the company to buyback $5.00 billion in outstanding shares. This buyback authorization allows the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Investors of record on Friday, June 13th will be given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a yield of 1.33%. This is a positive change from Chubb’s previous quarterly dividend of $0.91. Chubb’s dividend payout ratio (DPR) is 17.52%.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40% 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 valued at $18,562,730 in the last 90 days. Corporate insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CB. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. HSBC raised 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. UBS Group increased their target price on Chubb from $303.00 to $304.00 and gave the stock a “neutral” rating in a research report on Monday, April 28th. JPMorgan Chase & Co. increased their target price on Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 8th. Finally, Raymond James reissued a “strong-buy” rating on shares of Chubb in a research report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $307.86.

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.