Woodline Partners LP Acquires Shares of 11,150 Chubb Limited (NYSE:CB)

Woodline Partners LP acquired a new stake in Chubb Limited (NYSE:CB - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 11,150 shares of the financial services provider's stock, valued at approximately $3,081,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Chubb by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock worth $10,072,097,000 after acquiring an additional 271,648 shares in the last quarter. FMR LLC increased its holdings in shares of Chubb by 0.6% in the fourth quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock worth $4,329,173,000 after acquiring an additional 91,892 shares in the last quarter. Capital World Investors increased its holdings in shares of Chubb by 1.9% in the fourth quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock worth $3,172,194,000 after acquiring an additional 212,889 shares in the last quarter. Capital Research Global Investors increased its holdings in shares of Chubb by 1.5% in the fourth quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock worth $2,457,402,000 after acquiring an additional 131,075 shares in the last quarter. Finally, Demars Financial Group LLC increased its holdings in shares of Chubb by 26,761.4% in the fourth quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock worth $1,481,094,000 after acquiring an additional 5,340,499 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Insider Transactions at Chubb

In other news, CEO Evan G. Greenberg sold 25,728 shares of the firm's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This trade represents a 4.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the business's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 77,703 shares of the company's stock, 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. Over the last ninety days, insiders have sold 148,553 shares of company stock valued at $43,257,220. 0.86% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

CB has been the subject of several recent analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a report on Wednesday, March 5th. UBS Group upped their price objective on Chubb from $303.00 to $304.00 and gave the stock a "neutral" rating in a research report on Monday, April 28th. Wells Fargo & Company upped their price objective on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Thursday, April 24th. Finally, Barclays reduced their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $307.53.

Chubb Stock Performance

CB stock traded up $0.95 during mid-day trading on Friday, hitting $295.10. 301,537 shares of the company were exchanged, compared to its average volume of 1,608,176. The business has a 50 day simple moving average of $287.93 and a 200-day simple moving average of $281.32. 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 stock has a market capitalization of $118.25 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. Chubb Limited has a 1-year low of $251.42 and a 1-year high of $306.91.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. The firm had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb declared that its Board of Directors has approved a stock repurchase plan on Thursday, May 15th that permits the company to buyback $5.00 billion in shares. This buyback authorization permits the financial services provider to repurchase up to 4.3% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's board of directors believes its shares are undervalued.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders of record on Friday, June 13th will be issued a dividend of $0.97 per share. The ex-dividend date of this dividend is Friday, June 13th. This is a boost from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 annualized dividend and a dividend yield of 1.31%. Chubb's dividend payout ratio (DPR) is currently 18.67%.

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.