Capital Group Investment Management PTE. LTD. Has $5.55 Million Stake in Chubb Limited (NYSE:CB)

Capital Group Investment Management PTE. LTD. grew its holdings in Chubb Limited (NYSE:CB) by 1.9% during the 4th quarter, HoldingsChannel reports. The firm owned 20,073 shares of the financial services provider’s stock after acquiring an additional 366 shares during the quarter. Chubb comprises about 1.1% of Capital Group Investment Management PTE. LTD.’s investment portfolio, making the stock its 26th biggest position. Capital Group Investment Management PTE. LTD.’s holdings in Chubb were worth $5,546,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CB. Vanguard Group Inc. grew its holdings in Chubb by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider’s stock valued at $10,072,097,000 after buying an additional 271,648 shares during the last quarter. FMR LLC lifted its holdings in shares of Chubb by 0.6% during the fourth quarter. FMR LLC now owns 15,668,377 shares of the financial services provider’s stock worth $4,329,173,000 after buying an additional 91,892 shares during the last quarter. Demars Financial Group LLC boosted its position in shares of Chubb by 26,761.4% in the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider’s stock valued at $1,481,094,000 after acquiring an additional 5,340,499 shares during the period. GQG Partners LLC grew its stake in shares of Chubb by 36.3% in the fourth quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider’s stock worth $1,223,932,000 after acquiring an additional 1,178,628 shares during the last quarter. Finally, Norges Bank bought a new position in Chubb during the fourth quarter worth $1,169,720,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Up 0.1 %

CB opened at $285.29 on Friday. The firm has a market cap of $114.31 billion, a price-to-earnings ratio of 12.56, a PEG ratio of 3.36 and a beta of 0.47. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm’s 50-day simple moving average is $284.27 and its 200-day simple moving average is $281.25. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $306.91.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio is currently 16.02%.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction that occurred on Tuesday, March 18th. The shares were 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 $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Keefe, Bruyette & Woods reduced their price target on shares of Chubb from $329.00 to $316.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their price objective on Chubb from $271.00 to $268.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. 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 given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $307.21.

Chubb 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.