Janus Henderson Group PLC Buys 1,658 Shares of Chubb Limited $CB

Janus Henderson Group PLC raised its stake in Chubb Limited (NYSE:CB) by 3.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,235 shares of the financial services provider’s stock after purchasing an additional 1,658 shares during the period. Janus Henderson Group PLC’s holdings in Chubb were worth $15,067,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Berkshire Hathaway Inc grew its stake in Chubb by 9.3% in the 4th quarter. Berkshire Hathaway Inc now owns 34,249,183 shares of the financial services provider’s stock valued at $10,689,855,000 after buying an additional 2,916,288 shares during the last quarter. State Street Corp boosted its holdings in shares of Chubb by 0.4% during the third quarter. State Street Corp now owns 17,045,793 shares of the financial services provider’s stock worth $4,827,852,000 after acquiring an additional 68,553 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of Chubb by 25.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 14,947,799 shares of the financial services provider’s stock worth $4,665,508,000 after acquiring an additional 3,049,987 shares during the period. GQG Partners LLC grew its position in shares of Chubb by 15.2% in the fourth quarter. GQG Partners LLC now owns 12,481,176 shares of the financial services provider’s stock valued at $3,895,627,000 after purchasing an additional 1,647,729 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Chubb by 11.6% in the second quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock valued at $1,428,278,000 after purchasing an additional 513,852 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Stock Up 0.0%

Shares of CB opened at $348.31 on Wednesday. The firm has a 50 day simple moving average of $339.18 and a two-hundred day simple moving average of $329.56. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a one year low of $265.30 and a one year high of $365.91. The company has a market cap of $134.38 billion, a P/E ratio of 12.32, a P/E/G ratio of 1.72 and a beta of 0.39.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, July 21st. The financial services provider reported $7.26 earnings per share for the quarter, beating analysts’ consensus estimates of $6.77 by $0.49. Chubb had a return on equity of 14.47% and a net margin of 18.10%.The firm had revenue of $11.97 billion for the quarter, compared to the consensus estimate of $15.07 billion. During the same quarter last year, the business posted $6.14 EPS. The company’s revenue was up 3.6% compared to the same quarter last year. Research analysts forecast that Chubb Limited will post 27.4 EPS for the current fiscal year.

Chubb Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th were paid a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Friday, June 12th. This is an increase from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio is 14.43%.

Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 8,502 shares of Chubb stock in a transaction that occurred on Tuesday, July 28th. The shares were sold at an average price of $364.54, for a total transaction of $3,099,319.08. Following the sale, the executive vice president directly owned 33,749 shares of the company’s stock, valued at approximately $12,302,860.46. The trade was a 20.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the company’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 transaction of $7,394,730.00. Following the transaction, the chief operating officer owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This represents a 10.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on Chubb from $340.00 to $370.00 and gave the stock a “neutral” rating in a report on Monday, July 20th. Barclays set a $387.00 price objective on Chubb in a research report on Tuesday, July 7th. Morgan Stanley lifted their target price on Chubb from $330.00 to $340.00 and gave the stock an “equal weight” rating in a report on Monday, July 6th. Citizens Jmp reissued a “market outperform” rating and issued a $400.00 target price on shares of Chubb in a research report on Wednesday, July 22nd. Finally, UBS Group upped their price target on shares of Chubb from $340.00 to $369.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating, twelve have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and an average target price of $360.09.

Chubb Company 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.