Loomis Sayles & Co. L P Takes $55,000 Position in Chubb Limited (NYSE:CB)

Loomis Sayles & Co. L P acquired a new position in shares of Chubb Limited (NYSE:CB) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 200 shares of the financial services provider’s stock, valued at approximately $55,000.

A number of other institutional investors have also made changes to their positions in CB. Raymond James Financial Inc. acquired a new position in shares of Chubb during the 4th quarter worth about $1,158,897,000. GQG Partners LLC boosted its stake in Chubb by 36.3% during 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. Proficio Capital Partners LLC grew its holdings in Chubb by 41,494.7% during the fourth quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider’s stock valued at $224,566,000 after purchasing an additional 810,807 shares during the period. Barclays PLC increased its stake in 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 purchasing an additional 388,746 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Chubb by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider’s stock worth $10,072,097,000 after purchasing an additional 271,648 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Down 0.7 %

Shares of NYSE:CB opened at $296.36 on Monday. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market capitalization of $118.67 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The company has a 50-day simple moving average of $279.26 and a 200 day simple moving average of $281.41.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.23%. Chubb’s dividend payout ratio is currently 16.02%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CB. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Barclays lowered their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $301.00.

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction 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 owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the business’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. The trade was 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 currently owned by company insiders.

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.