Chubb Limited (NYSE:CB) Position Boosted by AQR Capital Management LLC

AQR Capital Management LLC lifted its position in Chubb Limited (NYSE:CB - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,179,045 shares of the financial services provider's stock after purchasing an additional 47,235 shares during the quarter. Chubb comprises 0.4% of AQR Capital Management LLC's holdings, making the stock its 29th largest position. AQR Capital Management LLC owned approximately 0.29% of Chubb worth $325,676,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Sierra Ocean LLC acquired a new stake in shares of Chubb in the fourth quarter valued at about $29,000. Crowley Wealth Management Inc. acquired a new stake in Chubb in the 4th quarter valued at about $29,000. Strategic Financial Concepts LLC purchased a new position in Chubb in the 4th quarter worth approximately $30,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Chubb by 254.3% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock worth $34,000 after purchasing an additional 89 shares in the last quarter. Finally, Human Investing LLC acquired a new position in shares of Chubb during the 4th quarter worth approximately $36,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 1.4 %

Shares of CB traded up $4.00 during midday trading on Friday, hitting $287.29. The company had a trading volume of 1,522,613 shares, compared to its average volume of 1,629,053. The stock has a market cap of $115.12 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 3.36 and a beta of 0.57. The company's 50 day moving average price is $287.63 and its 200 day moving average price is $281.08. 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 Limited has a 52 week low of $244.84 and a 52 week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. On average, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio is presently 17.52%.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. This trade represents a 33.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock valued at $18,562,730 over the last 90 days. 0.77% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CB shares. JMP Securities reiterated a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. Finally, Barclays dropped their price target on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $307.86.

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.