Mitsubishi UFJ Trust & Banking Corp Sells 31,100 Shares of Chubb Limited $CB

Key Points

• Mitsubishi UFJ Trust & Banking Corp trimmed its Chubb stake by 11.7% in Q4, selling 31,100 shares and now holds 234,951 shares valued at about $73.33 million (≈0.06% of the company).
• Insider selling has accelerated: CEO Evan G. Greenberg sold 15,060 shares and insiders disposed of 44,877 shares in the past 90 days (≈$14.89 million), with insiders now owning 0.37% of Chubb.
• Analysts are mixed — the consensus rating is "Hold" with a $349.33 target despite several raised price targets (Citigroup to $385), while Chubb trades at a 11.47 PE, $126.7B market cap and pays a $0.97 quarterly dividend (1.2% yield).

Mitsubishi UFJ Trust & Banking Corp lessened its position in shares of Chubb Limited (NYSE:CB - Free Report) by 11.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 234,951 shares of the financial services provider's stock after selling 31,100 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned approximately 0.06% of Chubb worth $73,334,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Berkshire Hathaway Inc increased its holdings in shares of Chubb by 15.9% in the third quarter. Berkshire Hathaway Inc now owns 31,332,895 shares of the financial services provider's stock worth $8,843,710,000 after purchasing an additional 4,299,111 shares during the period. AQR Capital Management LLC boosted its stake in Chubb by 75.1% during the third quarter. AQR Capital Management LLC now owns 2,798,546 shares of the financial services provider's stock valued at $785,468,000 after buying an additional 1,199,963 shares during the period. Woodline Partners LP purchased a new position in Chubb during the third quarter worth about $220,217,000. Amundi increased its stake in Chubb by 55.4% in the 3rd quarter. Amundi now owns 1,946,622 shares of the financial services provider's stock worth $557,493,000 after acquiring an additional 693,740 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in Chubb by 11.6% in the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider's stock worth $1,428,278,000 after acquiring an additional 513,852 shares during the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CB shares. Wells Fargo & Company lifted their price target on Chubb from $321.00 to $333.00 and gave the company an "equal weight" rating in a research report on Thursday. HSBC upped their price objective on shares of Chubb from $362.00 to $370.00 and gave the stock a "buy" rating in a research report on Thursday, April 23rd. Roth Mkm lifted their target price on shares of Chubb from $330.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, February 4th. Cantor Fitzgerald reissued a "neutral" rating and issued a $315.00 price target on shares of Chubb in a research note on Wednesday, April 22nd. Finally, Citigroup increased their price target on shares of Chubb from $335.00 to $385.00 and gave the stock a "buy" rating in a report on Monday, February 9th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $349.33.

Insider Activity

In other Chubb news, CEO Evan G. Greenberg sold 15,060 shares of the business's stock in a transaction on Thursday, February 5th. The shares were sold at an average price of $331.47, for a total value of $4,991,938.20. Following the completion of the sale, the chief executive officer directly owned 511,576 shares of the company's stock, valued at $169,572,096.72. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Olivier Steimer sold 2,000 shares of the company's stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $329.30, for a total transaction of $658,600.00. Following the sale, the director owned 25,468 shares of the company's stock, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 44,877 shares of company stock valued at $14,885,226. Corporate insiders own 0.37% of the company's stock.

Chubb Price Performance

Shares of Chubb stock opened at $324.69 on Tuesday. The firm has a market capitalization of $126.70 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 1.68 and a beta of 0.49. The company has a current ratio of 0.34, a quick ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $264.10 and a 12 month high of $345.67. The business's 50-day moving average price is $329.16 and its 200-day moving average price is $310.40.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The business had revenue of $14.93 billion during the quarter. Sell-side analysts forecast that Chubb Limited will post 26.65 EPS for the current fiscal year.

Chubb Announces Dividend

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

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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