Gilder Gagnon Howe & Co. LLC Lowers Position in Chubb Limited (NYSE:CB)

Gilder Gagnon Howe & Co. LLC reduced its holdings in Chubb Limited (NYSE:CB - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 76,867 shares of the financial services provider's stock after selling 3,077 shares during the quarter. Gilder Gagnon Howe & Co. LLC's holdings in Chubb were worth $21,238,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its position in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after buying an additional 388,746 shares during the last quarter. Invst LLC lifted its position in Chubb by 6.0% during the third quarter. Invst LLC now owns 915 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 52 shares during the last quarter. Boyar Asset Management Inc. boosted its holdings in shares of Chubb by 3.8% in the 3rd quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider's stock worth $804,000 after purchasing an additional 102 shares during the period. World Investment Advisors LLC raised its stake in shares of Chubb by 895.5% in the third quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider's stock valued at $9,281,000 after acquiring an additional 28,950 shares during the period. Finally, Sfmg LLC lifted its stake in Chubb by 2.4% in the third quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock worth $485,000 after purchasing an additional 40 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CB has been the topic of a number of research reports. Raymond James reissued a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Barclays cut their price target on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a report on Friday, April 11th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price target on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research note on Tuesday, April 8th. Finally, Piper Sandler increased their price target on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Chubb has a consensus rating of "Moderate Buy" and a consensus price target of $307.86.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the transaction, the executive vice president now directly owns 78,422 shares in the company, valued at approximately $23,120,374.04. This trade represents a 13.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the sale, the chief executive officer now owns 584,395 shares in the company, valued at $170,321,922.75. This trade represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

Shares of NYSE:CB traded down $1.87 during trading on Thursday, reaching $284.21. 510,903 shares of the stock were exchanged, compared to its average volume of 1,624,108. The firm has a market cap of $113.88 billion, a PE ratio of 12.51, a PEG ratio of 3.36 and a beta of 0.47. The stock has a 50-day moving average price of $287.43 and a 200-day moving average price of $281.12. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12 month low of $244.84 and a 12 month high of $306.91.

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. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Research analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders 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 dividend yield of 1.28%. Chubb's payout ratio is 17.52%.

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.