Ethic Inc. Grows Stake in Chubb Limited (NYSE:CB)

Ethic Inc. lifted its stake in Chubb Limited (NYSE:CB) by 47.0% during the fourth quarter, HoldingsChannel reports. The firm owned 57,451 shares of the financial services provider’s stock after purchasing an additional 18,371 shares during the period. Ethic Inc.’s holdings in Chubb were worth $15,874,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Demars Financial Group LLC grew its stake in Chubb by 26,761.4% during the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider’s stock worth $1,481,094,000 after buying an additional 5,340,499 shares during the last quarter. Norges Bank purchased a new position in Chubb during the fourth quarter valued at $1,169,720,000. Raymond James Financial Inc. purchased a new stake in shares of Chubb during the fourth quarter worth approximately $1,158,897,000. Castlekeep Investment Advisors LLC purchased a new stake in Chubb during the 4th quarter valued at about $336,972,000. Finally, GQG Partners LLC increased its stake in shares of Chubb by 36.3% in the 4th 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. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the transaction, the executive vice president now directly owns 29,194 shares of the company’s stock, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock worth $18,562,730 in the last quarter. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Barclays reduced their price objective 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. JPMorgan Chase & Co. increased their price target on shares of Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Jefferies Financial Group upped their target price on Chubb from $307.00 to $308.00 and gave the company a “hold” rating in a research report on Friday, April 11th. Finally, Wells Fargo & Company lifted their price objective on shares of 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 issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Chubb has a consensus rating of “Moderate Buy” and a consensus price target of $307.86.

Chubb Trading Down 0.5 %

Shares of Chubb stock opened at $289.00 on Friday. The firm has a market cap of $115.81 billion, a price-to-earnings ratio of 12.72, a price-to-earnings-growth 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 business has a fifty day simple moving average of $288.34 and a 200-day simple moving average of $280.82. Chubb Limited has a fifty-two week low of $250.90 and a fifty-two week high of $306.91.

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

Chubb Dividend Announcement

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

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.