Brown Advisory Inc. Purchases 194,191 Shares of Chubb Limited (NYSE:CB)

Brown Advisory Inc. grew its position in shares of Chubb Limited (NYSE:CB - Free Report) by 214.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 284,860 shares of the financial services provider's stock after purchasing an additional 194,191 shares during the period. Brown Advisory Inc. owned approximately 0.07% of Chubb worth $78,707,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Demars Financial Group LLC raised its position in shares of Chubb by 26,761.4% in the 4th 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 stake in shares of Chubb in the fourth quarter worth $1,169,720,000. Raymond James Financial Inc. acquired a new stake in Chubb in the fourth quarter valued at $1,158,897,000. GQG Partners LLC boosted its stake in 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 holdings in Chubb by 1,007,698.0% during the 4th 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 in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 12,231 shares of the stock in a transaction that occurred on Thursday, March 20th. The stock was 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 owns 78,422 shares in the company, valued at approximately $23,120,374.04. This represents a 13.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the 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. The trade was a 33.56 % decrease in their ownership of the stock. 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 over the last three months. Company insiders own 0.86% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CB. JMP Securities restated a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reduced their target price on Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Royal Bank of Canada reiterated an "outperform" rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Finally, UBS Group increased their target price on shares of Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $307.86.

Chubb Stock Performance

CB stock traded down $1.43 on Thursday, reaching $289.00. The company's stock had a trading volume of 1,161,199 shares, compared to its average volume of 1,627,990. 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 52 week low of $250.90 and a 52 week high of $306.91. The firm has a fifty day moving average of $288.36 and a two-hundred day moving average of $280.88. The company has a market capitalization of $115.81 billion, a P/E ratio of 12.72, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57.

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

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.26%. Chubb's dividend payout ratio is currently 17.52%.

About Chubb

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.