Chubb Limited (NYSE:CB) Shares Acquired by Kovitz Investment Group Partners LLC

Kovitz Investment Group Partners LLC grew its holdings in Chubb Limited (NYSE:CB - Free Report) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,519 shares of the financial services provider's stock after purchasing an additional 3,344 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Chubb were worth $16,998,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of CB. Demars Financial Group LLC raised its stake in shares of Chubb by 26,761.4% during the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock worth $1,481,094,000 after acquiring an additional 5,340,499 shares in the last quarter. Norges Bank acquired a new position in shares of Chubb during the fourth quarter worth $1,169,720,000. Raymond James Financial Inc. purchased a new stake in shares of Chubb during the 4th quarter valued at $1,158,897,000. GQG Partners LLC boosted its position in shares of Chubb by 36.3% in the 4th quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider's stock worth $1,223,932,000 after purchasing an additional 1,178,628 shares in the last quarter. Finally, Beutel Goodman & Co Ltd. grew its stake 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 buying an additional 1,007,698 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 12,231 shares of the company's 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 directly 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 legal filing with the SEC, which is accessible through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm's 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 directly 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 position. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 in the last quarter. Company insiders own 0.86% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Jefferies Financial Group upped their price target on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research note on Friday, April 11th. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. raised their target price on Chubb from $300.00 to $307.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 8th. UBS Group increased their price objective on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday. Finally, Keefe, Bruyette & Woods decreased their target price on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a report on Thursday, April 24th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $307.86.

Chubb Price Performance

Shares of NYSE:CB traded down $1.81 during midday trading on Thursday, hitting $284.27. The company's stock had a trading volume of 510,903 shares, compared to its average volume of 1,624,092. The company has a market cap of $113.90 billion, a P/E ratio of 12.51, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. Chubb Limited has a 12-month low of $244.84 and a 12-month high of $306.91. The business's 50 day simple moving average is $287.43 and its 200 day simple moving average is $281.12. 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 (NYSE:CB - Get Free Report) last released its 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 business had revenue of $12.65 billion for 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%. On average, analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 17.52%.

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.