Becker Capital Management Inc. Buys 2,791 Shares of Chubb Limited (NYSE:CB)

Becker Capital Management Inc. increased its position in Chubb Limited (NYSE:CB - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 80,028 shares of the financial services provider's stock after purchasing an additional 2,791 shares during the period. Becker Capital Management Inc.'s holdings in Chubb were worth $22,182,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CB. Demars Financial Group LLC lifted its holdings in shares of Chubb by 26,761.4% during the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after purchasing an additional 5,340,499 shares in the last quarter. Norges Bank bought a new position in Chubb during the 4th quarter valued at about $1,169,720,000. Raymond James Financial Inc. bought a new position in Chubb during the 4th quarter valued at about $1,158,897,000. 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 acquiring an additional 1,178,628 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. grew its stake in shares of Chubb by 1,007,698.0% in the fourth quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider's stock worth $278,454,000 after acquiring an additional 1,007,698 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the stock. Keefe, Bruyette & Woods cut their target price on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. JMP Securities reissued a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Wells Fargo & Company boosted their price target on Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Finally, Raymond James reiterated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Chubb has an average rating of "Moderate Buy" and an average target price of $307.86.

Chubb Price Performance

Shares of NYSE CB traded up $4.00 during midday trading on Friday, reaching $287.29. The stock had a trading volume of 1,522,613 shares, compared to its average volume of 1,629,054. 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 12-month low of $244.84 and a 12-month high of $306.91. The stock has a 50-day moving average of $287.82 and a 200-day moving average of $281.08. The company has a market capitalization of $115.12 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. The business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

Insider Buying and Selling at Chubb

In related news, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 12,231 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 78,422 shares of the company's stock, valued at approximately $23,120,374.04. The trade was a 13.49 % decrease in their ownership of the stock. 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 in the last three months. 0.77% of the stock is currently owned by corporate 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.