World Investment Advisors Has $9.52 Million Stake in Chubb Limited (NYSE:CB)

World Investment Advisors lifted its position in shares of Chubb Limited (NYSE:CB) by 7.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,437 shares of the financial services provider’s stock after buying an additional 2,254 shares during the period. World Investment Advisors’ holdings in Chubb were worth $9,515,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CB. Vanguard Group Inc. boosted its position in Chubb by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider’s stock worth $10,072,097,000 after acquiring an additional 271,648 shares during the last quarter. GQG Partners LLC lifted its position in shares of Chubb by 36.3% in the fourth quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider’s stock worth $1,223,932,000 after purchasing an additional 1,178,628 shares in the last quarter. Norges Bank acquired a new position in Chubb during the fourth quarter worth $1,169,720,000. Raymond James Financial Inc. bought a new position in Chubb in the fourth quarter valued at $1,158,897,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Chubb by 2.1% in 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 buying an additional 46,068 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on CB. Barclays decreased their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a research report on Wednesday, March 5th. Piper Sandler increased their price objective on Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday. Wells Fargo & Company lowered their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and an average target price of $303.14.

Chubb Trading Up 0.2 %

Shares of NYSE:CB opened at $302.02 on Thursday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $304.34. The business has a 50 day moving average of $281.24 and a 200-day moving average of $281.74. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a market cap of $120.93 billion, a PE ratio of 13.29, a P/E/G ratio of 3.36 and a beta of 0.66.

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

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio is 16.02%.

Insider Buying and Selling

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares of the company’s stock, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 12,231 shares of the business’s stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the transaction, the executive vice president now directly owns 78,422 shares of the company’s stock, valued at approximately $23,120,374.04. This trade represents a 13.49 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is 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.