Chubb Limited (NYSE:CB) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc reduced its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 6.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 607,616 shares of the financial services provider's stock after selling 39,667 shares during the period. Ensign Peak Advisors Inc owned approximately 0.15% of Chubb worth $167,884,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its position in Chubb by 57.8% during 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 purchasing an additional 130,629 shares during the period. Czech National Bank lifted its stake 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 valued at $22,458,000 after purchasing an additional 4,757 shares during the period. Barclays PLC lifted its stake in shares of Chubb by 28.1% in 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 during the period. California Public Employees Retirement System lifted its stake in shares of Chubb by 1.1% in the 4th 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 purchasing an additional 14,610 shares during the period. Finally, Canopy Partners LLC lifted its stake in shares of Chubb by 94.4% in the 4th quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider's stock valued at $1,331,000 after purchasing an additional 2,340 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

CB traded up $0.95 on Friday, hitting $289.92. 834,064 shares of the company's stock were exchanged, compared to its average volume of 1,630,692. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $288.46 and a 200-day moving average price of $280.58. The stock has a market cap of $116.18 billion, a price-to-earnings 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 posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, equities analysts anticipate 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 1.26%. Chubb's dividend payout ratio (DPR) is presently 17.52%.

Wall Street Analysts Forecast Growth

CB has been the subject of several analyst reports. Keefe, Bruyette & Woods decreased their target price on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Raymond James reiterated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Barclays decreased their target price on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Jefferies Financial Group raised their price objective on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a report on Friday, April 11th. Finally, UBS Group raised their price objective on Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $307.86.

Insider Transactions at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the business's stock in a transaction on Thursday, March 20th. The shares were 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 of the company's stock, valued at approximately $23,120,374.04. The trade was a 13.49% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. This represents a 3.67% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by corporate 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.