Clark Capital Management Group Inc. Raises Position in Chubb Limited (NYSE:CB)

Clark Capital Management Group Inc. boosted its position in shares of Chubb Limited (NYSE:CB - Free Report) by 21.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 534,801 shares of the financial services provider's stock after buying an additional 92,686 shares during the quarter. Chubb accounts for approximately 1.0% of Clark Capital Management Group Inc.'s investment portfolio, making the stock its 15th largest position. Clark Capital Management Group Inc. owned 0.13% of Chubb worth $147,765,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Demars Financial Group LLC grew its position 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 buying an additional 5,340,499 shares in the last quarter. Norges Bank bought a new stake in Chubb during the 4th quarter valued at $1,169,720,000. Raymond James Financial Inc. purchased a new position in shares of Chubb in the 4th quarter valued at $1,158,897,000. Castlekeep Investment Advisors LLC bought a new position in shares of Chubb in the 4th quarter worth $336,972,000. Finally, GQG Partners LLC raised 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 acquiring an additional 1,178,628 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have commented on CB shares. Piper Sandler boosted their target price on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a report on Tuesday, April 1st. JPMorgan Chase & Co. increased their target price on shares of Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Raymond James reiterated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Finally, Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, five have assigned 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, the stock presently has an average rating of "Moderate Buy" and an average target price of $307.86.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 12,231 shares of the firm's stock in a transaction dated 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 sale, the executive vice president now directly owns 78,422 shares in the company, valued at $23,120,374.04. This trade represents a 13.49 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction dated 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 transaction, the chief accounting officer now owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 in the last 90 days. 0.86% of the stock is currently owned by company insiders.

Chubb Stock Performance

Shares of NYSE:CB traded up $0.95 during midday trading on Friday, reaching $289.92. The company's stock had a trading volume of 834,064 shares, compared to its average volume of 1,630,692. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $288.46 and a 200 day moving average of $280.67. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91. The firm has a market capitalization of $116.18 billion, a PE ratio of 12.76, a P/E/G ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share 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 analyst estimates of $11.22 billion. On average, equities analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were given a $0.91 dividend. 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 presently 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.