JARISLOWSKY FRASER Ltd Has $126.14 Million Position in Chubb Limited (NYSE:CB)

JARISLOWSKY FRASER Ltd cut its holdings in Chubb Limited (NYSE:CB) by 1.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 456,532 shares of the financial services provider’s stock after selling 5,494 shares during the quarter. JARISLOWSKY FRASER Ltd owned about 0.11% of Chubb worth $126,140,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Sierra Ocean LLC bought a new stake in shares of Chubb in the fourth quarter worth $29,000. Crowley Wealth Management Inc. bought a new stake in Chubb during the 4th quarter worth about $29,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb during the 4th quarter worth about $30,000. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Chubb by 254.3% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 89 shares in the last quarter. Finally, Human Investing LLC acquired a new stake in shares of Chubb in the fourth quarter valued at about $36,000. 83.81% of the stock is owned by institutional investors.

Chubb Trading Up 0.3 %

Shares of Chubb stock opened at $289.92 on Friday. 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 Limited has a 12-month low of $251.42 and a 12-month high of $306.91. The company has a market capitalization of $116.18 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 3.36 and a beta of 0.57. The firm’s 50-day moving average price is $288.46 and its two-hundred day moving average price is $280.67.

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

Chubb Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.26%. Chubb’s dividend payout ratio is currently 17.52%.

Insider Activity at Chubb

In other news, CEO Evan G. Greenberg sold 25,728 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 over the last ninety days. 0.86% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. UBS Group lifted their price target on Chubb from $303.00 to $304.00 and gave the stock a “neutral” rating in a report on Monday, April 28th. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Wells Fargo & Company upped their price objective on shares of Chubb from $268.00 to $278.00 and gave the company an “equal weight” rating in a report on Thursday, April 24th. HSBC raised shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a report on Wednesday, March 5th. Finally, Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $307.86.

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.