Lord Abbett & CO. LLC Has $123.09 Million Holdings in Chubb Limited $CB

Lord Abbett & CO. LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 10.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 394,370 shares of the financial services provider’s stock after purchasing an additional 35,745 shares during the quarter. Lord Abbett & CO. LLC’s holdings in Chubb were worth $123,091,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CB. Brighton Jones LLC lifted its holdings in Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock worth $537,000 after buying an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Chubb during the 4th quarter worth $205,000. Woodline Partners LP lifted its holdings in Chubb by 13.0% during the 1st quarter. Woodline Partners LP now owns 12,599 shares of the financial services provider’s stock worth $3,805,000 after buying an additional 1,449 shares in the last quarter. Sivia Capital Partners LLC lifted its holdings in Chubb by 14.4% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,392 shares of the financial services provider’s stock worth $403,000 after buying an additional 175 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Chubb by 9.3% during the 2nd quarter. Sei Investments Co. now owns 201,226 shares of the financial services provider’s stock worth $58,305,000 after buying an additional 17,155 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $328.06 on Friday. The firm has a fifty day moving average of $324.93 and a two-hundred day moving average of $318.94. The stock has a market capitalization of $127.24 billion, a price-to-earnings ratio of 11.58, a PEG ratio of 1.67 and a beta of 0.41. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The company had revenue of $14.93 billion during the quarter. Chubb had a net margin of 18.58% and a return on equity of 14.30%. As a group, equities research analysts predict that Chubb Limited will post 26.8 EPS for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Shareholders of record on Friday, June 12th will be given a dividend of $1.02 per share. This represents a $4.08 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, June 12th. This is a positive change from Chubb’s previous quarterly dividend of $0.97. Chubb’s dividend payout ratio is presently 13.70%.

Insider Buying and Selling at Chubb

In other Chubb news, Director Olivier Steimer sold 2,000 shares of the company’s stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director owned 25,468 shares in the company, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, COO John W. Keogh sold 23,000 shares of the company’s stock in a transaction on Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total transaction of $7,394,730.00. Following the sale, the chief operating officer owned 203,322 shares of the company’s stock, valued at $65,370,056.22. The trade was a 10.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CB. HSBC upped their price objective on Chubb from $362.00 to $370.00 and gave the stock a “buy” rating in a report on Thursday, April 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. BMO Capital Markets upped their price objective on Chubb from $326.00 to $339.00 and gave the stock a “market perform” rating in a report on Friday, April 24th. Wolfe Research upped their price objective on Chubb from $372.00 to $373.00 and gave the stock an “outperform” rating in a report on Monday, April 6th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a report on Monday, March 23rd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $349.10.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.