Barrow Hanley Mewhinney & Strauss LLC trimmed its position in shares of Chubb Limited (NYSE:CB - Free Report) by 2.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 473,635 shares of the financial services provider's stock after selling 10,808 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.12% of Chubb worth $130,865,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Vise Technologies Inc. lifted its position in shares of Chubb by 81.7% during the 4th quarter. Vise Technologies Inc. now owns 4,916 shares of the financial services provider's stock valued at $1,358,000 after buying an additional 2,210 shares in the last quarter. Connecticut Wealth Management LLC lifted its position in shares of Chubb by 2.9% during the 4th quarter. Connecticut Wealth Management LLC now owns 3,645 shares of the financial services provider's stock valued at $1,007,000 after buying an additional 103 shares in the last quarter. Headinvest LLC lifted its holdings in Chubb by 2.5% in the 4th quarter. Headinvest LLC now owns 3,026 shares of the financial services provider's stock valued at $836,000 after purchasing an additional 75 shares in the last quarter. JT Stratford LLC lifted its holdings in Chubb by 5.2% in the 4th quarter. JT Stratford LLC now owns 7,984 shares of the financial services provider's stock valued at $2,206,000 after purchasing an additional 397 shares in the last quarter. Finally, Cornerstone Advisory LLC lifted its holdings in Chubb by 14.5% in the 4th quarter. Cornerstone Advisory LLC now owns 1,474 shares of the financial services provider's stock valued at $390,000 after purchasing an additional 187 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.
Wall Street Analysts Forecast Growth
CB has been the topic of a number of research reports. 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. Royal Bank of Canada restated an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Raymond James restated a "strong-buy" rating on shares of Chubb in a report on Thursday, April 24th. Barclays cut their target price on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Finally, Piper Sandler raised their target price on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 1st. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, Chubb presently has an average rating of "Moderate Buy" and an average price target of $307.53.
Check Out Our Latest Stock Report on Chubb
Insider Activity
In related news, CAO George F. Ohsiek sold 763 shares of the business's stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares in the company, valued at $5,820,978.04. The trade was a 3.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Evan G. Greenberg sold 25,728 shares of the business'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 sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. The trade was a 4.22% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 148,553 shares of company stock worth $43,257,220. 0.86% of the stock is currently owned by company insiders.
Chubb Trading Up 1.3%
NYSE CB traded up $3.61 during trading on Tuesday, hitting $289.71. The stock had a trading volume of 1,654,829 shares, compared to its average volume of 1,765,092. The company has a market capitalization of $116.09 billion, a PE ratio of 12.75, a PEG ratio of 3.36 and a beta of 0.57. 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 firm has a 50 day moving average price of $288.01 and a 200 day moving average price of $281.12. Chubb Limited has a twelve month low of $251.42 and a twelve month high of $306.91.
Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.28 by $0.40. The business 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 research analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.
Chubb Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be paid a $0.97 dividend. This represents a $3.88 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. Chubb's dividend payout ratio (DPR) is presently 18.67%.
Chubb announced that its board has authorized a stock repurchase program on Thursday, May 15th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.
About Chubb
(
Free Report)
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.
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