London Co. of Virginia Sells 7,114 Shares of Chubb Limited (NYSE:CB)

London Co. of Virginia lowered its position in shares of Chubb Limited (NYSE:CB - Free Report) by 2.9% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 239,783 shares of the financial services provider's stock after selling 7,114 shares during the quarter. London Co. of Virginia owned about 0.06% of Chubb worth $66,252,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Chubb by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock valued at $10,072,097,000 after acquiring an additional 271,648 shares during the period. FMR LLC lifted its position in Chubb by 0.6% during the fourth quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock worth $4,329,173,000 after purchasing an additional 91,892 shares during the period. Capital World Investors lifted its position in Chubb by 1.9% during the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock worth $3,172,194,000 after purchasing an additional 212,889 shares during the period. Capital Research Global Investors grew its stake in Chubb by 1.5% during the fourth quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock worth $2,457,402,000 after buying an additional 131,075 shares in the last quarter. Finally, Demars Financial Group LLC increased its holdings in 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 buying an additional 5,340,499 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CB shares. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Raymond James reissued a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. JMP Securities reissued a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Finally, Piper Sandler raised their target price on shares of Chubb from $310.00 to $335.00 and gave the company 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 assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Chubb currently has an average rating of "Moderate Buy" and a consensus price target of $307.86.

Chubb Trading Up 3.8%

Shares of NYSE CB traded up $10.64 during midday trading on Thursday, reaching $292.02. The stock had a trading volume of 2,662,008 shares, compared to its average volume of 1,638,864. The company's 50 day moving average price is $288.39 and its 200 day moving average price is $280.63. 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 twelve month low of $251.42 and a twelve month high of $306.91. The firm has a market cap of $117.02 billion, a price-to-earnings ratio of 12.85, 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 EPS for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The business had revenue of $12.65 billion for the quarter, compared to analysts' expectations of $11.22 billion. As a group, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be issued a $0.97 dividend. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis and a yield of 1.33%. Chubb's payout ratio is presently 17.52%.

Insider Buying and Selling at Chubb

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. This represents a 11.40% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.77% of the stock is currently owned by company 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.