Capital International Investors Sells 1,186,941 Shares of Chubb Limited (NYSE:CB)

Capital International Investors lowered its stake in Chubb Limited (NYSE:CB - Free Report) by 16.5% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 6,008,440 shares of the financial services provider's stock after selling 1,186,941 shares during the quarter. Capital International Investors owned 1.49% of Chubb worth $1,660,104,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its position in shares of Chubb by 57.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock worth $102,840,000 after buying an additional 130,629 shares during the last quarter. Czech National Bank lifted its position in shares of Chubb by 6.2% in the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock worth $22,458,000 after purchasing an additional 4,757 shares during the period. Barclays PLC boosted its stake in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after purchasing an additional 388,746 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Chubb by 1.1% during the fourth quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider's stock valued at $373,110,000 after buying an additional 14,610 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Chubb by 133.9% in the fourth quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock worth $153,000 after buying an additional 316 shares during the period. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Transactions at Chubb

In other news, CAO George F. Ohsiek sold 763 shares of the stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at $5,820,978.04. This represents a 3.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade 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 90 days. 0.86% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research firms have weighed in on CB. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods reduced their price target on Chubb from $329.00 to $316.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Piper Sandler raised their price objective on Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. Wells Fargo & Company reduced their target price on shares of Chubb from $271.00 to $268.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 10th. Finally, Barclays lowered their price target on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $307.21.

Chubb Stock Performance

Chubb stock traded down $7.75 during midday trading on Wednesday, reaching $282.67. 1,072,425 shares of the company traded hands, compared to its average volume of 1,630,062. 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 12 month low of $238.85 and a 12 month high of $306.91. The firm has a market capitalization of $113.26 billion, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The business has a 50 day moving average of $285.38 and a two-hundred day moving average of $281.07.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping 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 company had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. As a group, research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.29%. Chubb's dividend payout ratio is currently 16.02%.

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.