Schroder Investment Management Group Purchases 6,253 Shares of Chubb Limited (NYSE:CB)

Schroder Investment Management Group grew its position in shares of Chubb Limited (NYSE:CB) by 0.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,218,918 shares of the financial services provider’s stock after acquiring an additional 6,253 shares during the period. Schroder Investment Management Group owned about 0.30% of Chubb worth $335,702,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in CB. Vanguard Group Inc. grew its stake 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. GQG Partners LLC boosted its holdings in shares of Chubb by 36.3% during the 4th quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider’s stock valued at $1,223,932,000 after buying an additional 1,178,628 shares in the last quarter. Norges Bank purchased a new stake in shares of Chubb in the 4th quarter worth about $1,169,720,000. Raymond James Financial Inc. purchased a new position in Chubb during the 4th quarter valued at about $1,158,897,000. Finally, Charles Schwab Investment Management Inc. lifted its position in Chubb by 2.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider’s stock valued at $617,573,000 after acquiring an additional 46,068 shares during the period. Institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, CAO George F. Ohsiek sold 763 shares of the company’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 completion of the transaction, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm’s stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is owned by company insiders.

Chubb Stock Down 0.7 %

Chubb stock opened at $296.36 on Friday. The stock has a market cap of $118.67 billion, a PE ratio of 13.04, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. 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 stock has a fifty day moving average of $279.26 and a 200 day moving average of $281.43. Chubb Limited has a one year low of $238.85 and a one year high of $302.05.

Chubb (NYSE:CB) last issued 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 net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

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

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their target price 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. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Barclays reduced their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Wells Fargo & Company dropped 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. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Chubb has an average rating of “Hold” and a consensus target price of $301.00.

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.