Chubb Limited (NYSE:CB) Shares Acquired by Geode Capital Management LLC

Geode Capital Management LLC lifted its position in shares of Chubb Limited (NYSE:CB) by 0.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 8,618,539 shares of the financial services provider’s stock after purchasing an additional 18,619 shares during the period. Geode Capital Management LLC’s holdings in Chubb were worth $2,376,576,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted 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 valued at $10,072,097,000 after purchasing an additional 271,648 shares in the last quarter. GQG Partners LLC lifted its position 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 worth $1,223,932,000 after buying an additional 1,178,628 shares during the last quarter. Norges Bank acquired a new position in shares of Chubb in the 4th quarter valued at $1,169,720,000. Raymond James Financial Inc. purchased a new position in shares of Chubb in the 4th quarter valued at $1,158,897,000. Finally, Charles Schwab Investment Management Inc. grew its position in shares of 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. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CB. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a report on Wednesday, March 5th. Barclays dropped their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Wells Fargo & Company decreased their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $301.00.

Chubb Stock Up 1.9 %

CB opened at $302.19 on Tuesday. The firm has a market cap of $121.00 billion, a P/E ratio of 13.30, a PEG ratio of 3.36 and a beta of 0.66. The business’s fifty day simple moving average is $279.92 and its 200 day simple moving average is $281.51. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $303.66. 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 (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, 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, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared 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 is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.20%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insiders Place Their Bets

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the transaction, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at $22,297,652.88. The trade was a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock valued at $18,562,730 in the last quarter. 0.86% of the stock is currently owned by company insiders.

Chubb Company 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.