Chubb Limited (NYSE:CB) Stock Position Raised by First Trust Advisors LP

First Trust Advisors LP boosted its position in shares of Chubb Limited (NYSE:CB) by 6.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,920,692 shares of the financial services provider’s stock after purchasing an additional 116,588 shares during the period. Chubb accounts for 0.5% of First Trust Advisors LP’s investment portfolio, making the stock its 29th biggest holding. First Trust Advisors LP’s holdings in Chubb were worth $530,687,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in CB. Forum Financial Management LP lifted its stake in Chubb by 48.8% in the 4th quarter. Forum Financial Management LP now owns 6,788 shares of the financial services provider’s stock worth $1,876,000 after acquiring an additional 2,227 shares in the last quarter. GeoWealth Management LLC boosted its holdings in shares of Chubb by 252.0% during the fourth quarter. GeoWealth Management LLC now owns 12,401 shares of the financial services provider’s stock worth $3,426,000 after purchasing an additional 8,878 shares during the period. Capital International Ltd. CA grew its position in Chubb by 3.5% during the fourth quarter. Capital International Ltd. CA now owns 91,276 shares of the financial services provider’s stock valued at $25,220,000 after purchasing an additional 3,057 shares in the last quarter. Capital Group Investment Management PTE. LTD. increased its stake in Chubb by 1.9% in the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 20,073 shares of the financial services provider’s stock valued at $5,546,000 after buying an additional 366 shares during the period. Finally, Capital International Sarl lifted its position in Chubb by 8.2% in the 4th quarter. Capital International Sarl now owns 137,330 shares of the financial services provider’s stock worth $37,944,000 after buying an additional 10,379 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the sale, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction 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 $22,297,652.88. This trade represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 over the last three months. Company insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CB. JPMorgan Chase & Co. upped their price target on shares of Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a research note on Tuesday, April 8th. Keefe, Bruyette & Woods cut their price target on Chubb from $329.00 to $316.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Piper Sandler raised their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, April 1st. Finally, Barclays dropped their price target on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb has an average rating of “Hold” and an average target price of $307.21.

Chubb Stock Performance

CB opened at $285.29 on Friday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $306.91. The firm has a market capitalization of $114.31 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The stock’s 50 day moving average price is $284.62 and its two-hundred day moving average price is $281.20. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were given a dividend of $0.91 per share. 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 (DPR) is presently 16.02%.

About Chubb

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.