Ensign Peak Advisors Inc Lowers Stake in Chubb Limited (NYSE:CB)

Ensign Peak Advisors Inc cut its position in Chubb Limited (NYSE:CB) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 607,616 shares of the financial services provider’s stock after selling 39,667 shares during the period. Ensign Peak Advisors Inc owned about 0.15% of Chubb worth $167,884,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC lifted its position in shares of Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after acquiring an additional 388,746 shares in the last quarter. Weybosset Research & Management LLC raised its stake in Chubb by 0.4% during the 4th quarter. Weybosset Research & Management LLC now owns 33,848 shares of the financial services provider’s stock valued at $9,352,000 after purchasing an additional 125 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in Chubb by 57.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after purchasing an additional 130,629 shares in the last quarter. ST Germain D J Co. Inc. boosted its stake in Chubb by 1.8% in the 4th quarter. ST Germain D J Co. Inc. now owns 92,794 shares of the financial services provider’s stock worth $25,639,000 after purchasing an additional 1,674 shares during the period. Finally, ORG Wealth Partners LLC boosted its stake in Chubb by 12.1% in the 4th quarter. ORG Wealth Partners LLC now owns 3,125 shares of the financial services provider’s stock worth $864,000 after purchasing an additional 337 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Down 0.5 %

NYSE CB opened at $289.00 on Friday. Chubb Limited has a 52 week low of $250.90 and a 52 week high of $306.91. The firm has a market capitalization of $115.81 billion, a price-to-earnings ratio of 12.72, a PEG ratio of 3.36 and a beta of 0.57. 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 company has a fifty day moving average of $288.34 and a two-hundred day moving average of $280.82.

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

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date of this dividend was Friday, March 14th. Chubb’s dividend payout ratio is currently 17.52%.

Analyst Ratings Changes

Several research firms have recently commented on CB. Barclays lowered their target price on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Raymond James reiterated a “strong-buy” rating on shares of Chubb in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods reduced their target price on Chubb from $316.00 to $314.00 and set an “outperform” rating on the stock in a report on Thursday, April 24th. Finally, Wells Fargo & Company increased their price target on Chubb from $268.00 to $278.00 and gave the company an “equal weight” rating in a research note on Thursday, April 24th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $307.86.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction dated 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 completion of the sale, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 63,470 shares of company stock valued at $18,562,730. Insiders own 0.86% of the company’s stock.

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.