Osaic Holdings Inc. Has $19.36 Million Stock Holdings in Chubb Limited (NYSE:CB)

Osaic Holdings Inc. lowered its position in shares of Chubb Limited (NYSE:CB) by 47.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 74,689 shares of the financial services provider’s stock after selling 68,320 shares during the quarter. Osaic Holdings Inc.’s holdings in Chubb were worth $19,358,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Capital World Investors raised its stake in shares of Chubb by 0.4% during the 4th quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider’s stock worth $2,330,272,000 after purchasing an additional 43,845 shares in the last quarter. Norges Bank acquired a new stake in shares of Chubb during the 4th quarter worth $957,756,000. Raymond James & Associates grew its holdings in shares of Chubb by 2.6% during the 4th quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock worth $701,301,000 after purchasing an additional 77,453 shares in the last quarter. Ontario Teachers Pension Plan Board grew its holdings in shares of Chubb by 0.9% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 2,698,582 shares of the financial services provider’s stock worth $609,880,000 after purchasing an additional 24,323 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Chubb by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,266,484 shares of the financial services provider’s stock valued at $512,225,000 after buying an additional 45,318 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CB shares. Morgan Stanley reduced their price objective on Chubb from $260.00 to $259.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. JPMorgan Chase & Co. raised their price objective on Chubb from $266.00 to $286.00 and gave the stock a “neutral” rating in a research report on Thursday, July 11th. Evercore ISI lifted their target price on Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a report on Thursday, April 11th. JMP Securities reiterated a “market outperform” rating and issued a $280.00 target price on shares of Chubb in a report on Monday, April 15th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $282.00 target price on shares of Chubb in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average price target of $267.65.

Insider Buying and Selling

In related news, Director Michael G. Atieh sold 716 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the transaction, the director now directly owns 39,295 shares in the company, valued at $10,597,861.50. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Michael G. Atieh sold 716 shares of the company’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $269.70, for a total value of $193,105.20. Following the completion of the transaction, the director now directly owns 39,295 shares in the company, valued at approximately $10,597,861.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO John W. Keogh sold 34,707 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the completion of the transaction, the chief operating officer now owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The disclosure for this sale can be found here. Insiders sold a total of 47,552 shares of company stock worth $12,149,985 over the last ninety days. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Performance

Shares of CB traded up $2.13 during mid-day trading on Monday, hitting $262.01. The stock had a trading volume of 1,306,893 shares, compared to its average volume of 1,653,263. The firm has a market cap of $106.39 billion, a P/E ratio of 11.61, a PEG ratio of 6.09 and a beta of 0.66. The business has a fifty day moving average price of $261.69 and a 200-day moving average price of $252.51. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a 52 week low of $195.36 and a 52 week high of $275.41.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a return on equity of 16.29% and a net margin of 17.99%. The firm had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same period in the previous year, the company posted $4.41 earnings per share. The business’s revenue was up 14.1% on a year-over-year basis. On average, equities research analysts expect that Chubb Limited will post 20.93 EPS for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 5th. Investors of record on Friday, June 14th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.39%. This is a boost from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Friday, June 14th. Chubb’s payout ratio is presently 16.16%.

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.