Mitsubishi UFJ Asset Management Co. Ltd. Acquires 31,861 Shares of Chubb Limited $CB

Key Points

• Mitsubishi UFJ Asset Management boosted its Chubb stake by 4.1%, buying 31,861 shares to hold 800,917 shares (about 0.20% of the company) valued at roughly $248.3 million at quarter-end.
• Analyst sentiment is a "Moderate Buy" with an average target of $349.33; notable moves include HSBC raising its target to $370 (buy) while several firms maintain neutral ratings.
• Financial and ownership highlights: Chubb reported quarterly EPS of $6.82 on $14.93 billion revenue, pays a $0.97 quarterly dividend (annual $3.88, ~1.2% yield), insiders sold ~44,877 shares in the past 90 days, and institutional ownership is ~83.8%.

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 4.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 800,917 shares of the financial services provider's stock after purchasing an additional 31,861 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned about 0.20% of Chubb worth $248,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Kathmere Capital Management LLC raised its stake in Chubb by 2.7% during the 4th quarter. Kathmere Capital Management LLC now owns 1,297 shares of the financial services provider's stock valued at $405,000 after purchasing an additional 34 shares during the period. Wright Investors Service Inc. raised its stake in Chubb by 0.7% during the 4th quarter. Wright Investors Service Inc. now owns 4,927 shares of the financial services provider's stock valued at $1,538,000 after purchasing an additional 34 shares during the period. G&S Capital LLC raised its stake in Chubb by 1.5% during the 4th quarter. G&S Capital LLC now owns 2,271 shares of the financial services provider's stock valued at $709,000 after purchasing an additional 34 shares during the period. Golden State Wealth Management LLC raised its stake in Chubb by 7.4% during the 3rd quarter. Golden State Wealth Management LLC now owns 525 shares of the financial services provider's stock valued at $148,000 after purchasing an additional 36 shares during the period. Finally, Phoenix Wealth Advisors raised its stake in Chubb by 0.4% during the 4th quarter. Phoenix Wealth Advisors now owns 8,467 shares of the financial services provider's stock valued at $2,643,000 after purchasing an additional 36 shares during the period. Institutional investors own 83.81% of the company's stock.

Wall Street Analyst Weigh In

CB has been the topic of several recent analyst reports. Weiss Ratings raised Chubb from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, April 27th. Piper Sandler lifted their target price on Chubb from $319.00 to $328.00 and gave the company a "neutral" rating in a research note on Wednesday, April 22nd. Mizuho reduced their price objective on Chubb from $336.00 to $335.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 14th. UBS Group reaffirmed a "neutral" rating and issued a $340.00 price objective on shares of Chubb in a research note on Monday, February 9th. Finally, HSBC lifted their price objective on Chubb from $362.00 to $370.00 and gave the stock a "buy" rating in a research note on Thursday, April 23rd. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $349.33.

Chubb Stock Performance

NYSE:CB opened at $322.61 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The stock's 50 day simple moving average is $328.85 and its two-hundred day simple moving average is $311.65. The company has a market cap of $125.13 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.66 and a beta of 0.43.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. The business had revenue of $14.93 billion for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, equities analysts anticipate that Chubb Limited will post 26.74 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were issued a $0.97 dividend. The ex-dividend date was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.2%. Chubb's payout ratio is 13.70%.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 15,060 shares of Chubb stock in a transaction that occurred on Thursday, February 5th. The stock was sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the transaction, the chief executive officer owned 511,576 shares in the company, valued at approximately $169,572,096.72. The trade was a 2.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares of the company's stock, valued at approximately $8,386,612.40. This trade represents a 7.28% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 44,877 shares of company stock worth $14,885,226. 0.37% of the stock is currently owned by company insiders.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.

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