Chubb Limited (NYSE:CB) Shares Purchased by Deutsche Bank AG

Deutsche Bank AG boosted its stake in Chubb Limited (NYSE:CB - Free Report) by 9.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 3,603,145 shares of the financial services provider's stock after buying an additional 302,699 shares during the quarter. Deutsche Bank AG owned approximately 0.89% of Chubb worth $995,549,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new position in shares of Chubb in the fourth quarter worth about $29,000. Crowley Wealth Management Inc. purchased a new position in shares of Chubb during the 4th quarter valued at about $29,000. Strategic Financial Concepts LLC bought a new position in shares of Chubb during the 4th quarter valued at $30,000. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Chubb by 254.3% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after buying an additional 89 shares during the last quarter. Finally, Human Investing LLC purchased a new position in Chubb in the 4th quarter worth approximately $36,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CB has been the subject of several research reports. UBS Group upped their price objective on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Raymond James reiterated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Barclays decreased their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. JPMorgan Chase & Co. lifted their price objective on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a report on Tuesday, April 8th. Finally, HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $307.86.

Chubb Stock Performance

Shares of CB traded down $2.19 during midday trading on Tuesday, reaching $287.46. 651,900 shares of the stock were exchanged, compared to its average volume of 1,626,454. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The business's 50-day moving average price is $288.50 and its 200 day moving average price is $280.59. The company has a market capitalization of $115.19 billion, a price-to-earnings ratio of 12.65, a PEG ratio of 3.36 and a beta of 0.57.

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 (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Insider Buying and Selling

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