Chubb Limited (NYSE:CB) Shares Sold by Aviva PLC

Aviva PLC lessened its stake in Chubb Limited (NYSE:CB - Free Report) by 1.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 175,349 shares of the financial services provider's stock after selling 3,198 shares during the quarter. Aviva PLC's holdings in Chubb were worth $48,449,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Norges Bank purchased a new stake in shares of Chubb in the 4th quarter worth about $1,169,720,000. Raymond James Financial Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $1,158,897,000. GQG Partners LLC raised 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 purchasing an additional 1,178,628 shares during the last quarter. Beutel Goodman & Co Ltd. lifted its stake in Chubb by 1,007,698.0% in the 4th quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider's stock valued at $278,454,000 after buying an additional 1,007,698 shares in the last quarter. Finally, Proficio Capital Partners LLC grew its holdings in Chubb by 41,494.7% during the 4th quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider's stock valued at $224,566,000 after buying an additional 810,807 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Buying and Selling at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's 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 transaction, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction 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 position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 in the last ninety days. 0.86% of the stock is owned by insiders.

Chubb Stock Up 0.1 %

Shares of NYSE CB traded up $0.17 during midday trading on Friday, reaching $282.51. 523,318 shares of the company's stock were exchanged, compared to its average volume of 1,628,835. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $306.91. The business's fifty day moving average price is $282.81 and its two-hundred day moving average price is $281.33. The stock has a market capitalization of $113.12 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data 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 return on equity of 13.75% and a net margin of 16.63%. Analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.29%. Chubb's dividend payout ratio is presently 16.02%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Keefe, Bruyette & Woods decreased their price objective on Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a research note on Wednesday. Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. JMP Securities reissued a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, UBS Group increased their target price on Chubb from $298.00 to $303.00 and gave the stock a "neutral" rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $303.00.

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.