Siemens Fonds Invest GmbH decreased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 95.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,167 shares of the financial services provider's stock after selling 22,473 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Chubb were worth $322,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the business. Barclays PLC lifted its stake in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after acquiring an additional 388,746 shares during the last quarter. California Public Employees Retirement System lifted its stake in Chubb by 1.1% in the fourth 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 acquiring an additional 14,610 shares during the last quarter. Canopy Partners LLC raised its position in shares of Chubb by 94.4% in the fourth 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. Vista Investment Partners II LLC bought a new position in shares of Chubb in the fourth quarter valued at about $2,442,000. Finally, Raymond James Financial Inc. bought a new position in shares of Chubb in the fourth quarter valued at about $1,158,897,000. Institutional investors and hedge funds own 83.81% of the company's stock.
Insider Buying and Selling at Chubb
In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now directly owns 29,194 shares of the company's stock, valued at $8,644,927.28. This trade represents a 33.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the firm's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock valued at $18,562,730 in the last ninety days. 0.77% of the stock is currently owned by company insiders.
Chubb Price Performance
NYSE:CB opened at $294.19 on Monday. Chubb Limited has a 52 week low of $251.42 and a 52 week high of $306.91. The firm has a market cap of $117.89 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 3.36 and a beta of 0.57. The firm's 50-day simple moving average is $288.43 and its 200 day simple moving average is $280.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.
Chubb (NYSE:CB - Get Free Report) last released its 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. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The firm had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. As a group, sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.
Chubb announced that its board has authorized a share repurchase plan on Thursday, May 15th that authorizes the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization authorizes the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's management believes its stock is undervalued.
Chubb Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be issued a $0.97 dividend. This is a positive change from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Friday, June 13th. Chubb's dividend payout ratio (DPR) is currently 17.52%.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a research report on Thursday, April 24th. Piper Sandler increased their price objective on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a research report on Tuesday, April 1st. JMP Securities reissued a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Barclays dropped their price objective on shares of Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Finally, JPMorgan Chase & Co. increased their price objective 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. Two 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. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $307.86.
Check Out Our Latest Stock Analysis on Chubb
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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