Harvest Fund Management Co. Ltd Boosts Stake in Chubb Limited (NYSE:CB)

Harvest Fund Management Co. Ltd boosted its position in shares of Chubb Limited (NYSE:CB) by 27.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,524 shares of the financial services provider’s stock after purchasing an additional 764 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Chubb were worth $974,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Xponance Inc. raised its stake in Chubb by 4.6% during the fourth quarter. Xponance Inc. now owns 57,202 shares of the financial services provider’s stock worth $15,805,000 after purchasing an additional 2,538 shares during the period. Intech Investment Management LLC raised its stake in shares of Chubb by 203.2% in the 4th quarter. Intech Investment Management LLC now owns 49,057 shares of the financial services provider’s stock valued at $13,554,000 after acquiring an additional 32,879 shares during the period. Generali Asset Management SPA SGR purchased a new stake in shares of Chubb in the 4th quarter valued at approximately $4,237,000. Evoke Wealth LLC raised its stake in shares of Chubb by 4.1% in the 4th quarter. Evoke Wealth LLC now owns 1,810 shares of the financial services provider’s stock valued at $502,000 after acquiring an additional 72 shares during the period. Finally, Horizon Investments LLC raised its stake in shares of Chubb by 1.8% in the 4th quarter. Horizon Investments LLC now owns 6,316 shares of the financial services provider’s stock valued at $1,745,000 after acquiring an additional 114 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 51,239 shares of company stock worth $14,956,786. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on CB. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Wells Fargo & Company reduced their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Finally, Barclays reduced their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $301.00.

Chubb Trading Down 0.7 %

NYSE CB opened at $294.09 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 52 week low of $238.85 and a 52 week high of $302.05. The stock has a market capitalization of $117.76 billion, a PE ratio of 12.94, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The firm has a 50 day moving average of $275.90 and a two-hundred day moving average of $281.25.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.24%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is 16.02%.

Chubb 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.