Meiji Yasuda America Inc Purchases Shares of 16,343 Chubb Limited $CB

Meiji Yasuda America Inc purchased a new stake in Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 16,343 shares of the financial services provider’s stock, valued at approximately $5,101,000. Chubb makes up approximately 1.2% of Meiji Yasuda America Inc’s investment portfolio, making the stock its 28th largest holding.

Other hedge funds also recently bought and sold shares of the company. Xponance LLC increased its holdings in shares of Chubb by 4.9% in the 4th quarter. Xponance LLC now owns 55,920 shares of the financial services provider’s stock valued at $17,454,000 after acquiring an additional 2,614 shares during the last quarter. Advisory Resource Group increased its holdings in shares of Chubb by 0.8% in the 4th quarter. Advisory Resource Group now owns 4,658 shares of the financial services provider’s stock valued at $1,454,000 after acquiring an additional 35 shares during the last quarter. Canopy Partners LLC increased its holdings in shares of Chubb by 6.3% in the 4th quarter. Canopy Partners LLC now owns 2,952 shares of the financial services provider’s stock valued at $921,000 after acquiring an additional 175 shares during the last quarter. Keel Point LLC increased its holdings in shares of Chubb by 7.4% in the 4th quarter. Keel Point LLC now owns 3,368 shares of the financial services provider’s stock valued at $1,051,000 after acquiring an additional 231 shares during the last quarter. Finally, IFM Investors Pty Ltd purchased a new position in shares of Chubb in the 4th quarter valued at about $23,569,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 0.7%

NYSE:CB opened at $328.14 on Friday. The stock’s 50 day moving average price is $324.92 and its 200 day moving average price is $318.88. The company has a market capitalization of $127.27 billion, a PE ratio of 11.59, a P/E/G ratio of 1.69 and a beta of 0.41. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52-week low of $264.10 and a 52-week high of $345.67.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion for the quarter. On average, research analysts anticipate that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be issued a $1.02 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s payout ratio is 13.70%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Evercore increased their price objective on Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Mizuho dropped their price objective on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a report on Tuesday, April 14th. Piper Sandler increased their price objective on Chubb from $328.00 to $340.00 and gave the company a “neutral” rating in a report on Tuesday, May 26th. Bank of America dropped their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating on the stock in a report on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods increased their price objective on Chubb from $373.00 to $374.00 and gave the company an “outperform” rating in a report on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Moderate Buy” and a consensus price target of $349.43.

Insider Activity at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $321.51, for a total value of $7,394,730.00. Following the completion of the sale, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at $65,370,056.22. This trade represents a 10.16% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Olivier Steimer sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the sale, the director directly owned 25,468 shares of the company’s stock, valued at $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.37% of the stock is owned by company insiders.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.