First Manhattan CO. LLC. Has $37.57 Million Stock Holdings in Chubb Limited (NYSE:CB)

First Manhattan CO. LLC. raised its holdings in Chubb Limited (NYSE:CB - Free Report) by 3.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 125,364 shares of the financial services provider's stock after purchasing an additional 4,248 shares during the quarter. First Manhattan CO. LLC.'s holdings in Chubb were worth $37,571,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Sierra Ocean LLC bought a new position in Chubb in the 4th quarter valued at $29,000. Crowley Wealth Management Inc. bought a new position in Chubb in the 4th quarter valued at $29,000. Strategic Financial Concepts LLC bought a new position in Chubb in the 4th quarter valued at $30,000. Kayne Anderson Rudnick Investment Management LLC raised its position in Chubb by 254.3% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after purchasing an additional 89 shares during the last quarter. Finally, Human Investing LLC bought a new stake in shares of Chubb during the fourth quarter worth $36,000. Institutional investors own 83.81% of the company's stock.

Chubb Trading Up 0.3%

NYSE CB traded up $0.95 on Friday, reaching $289.92. The company had a trading volume of 834,064 shares, compared to its average volume of 1,630,692. Chubb Limited has a 52 week low of $251.42 and a 52 week high of $306.91. 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 stock has a market cap of $116.18 billion, a price-to-earnings ratio of 12.76, a PEG ratio of 3.36 and a beta of 0.57. The stock's 50 day moving average is $288.46 and its 200-day moving average is $280.58.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The firm had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.26%. Chubb's payout ratio is 17.52%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on CB shares. Royal Bank of Canada restated an "outperform" rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Piper Sandler boosted their target price on Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Wells Fargo & Company boosted their target price 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, Jefferies Financial Group boosted their target price on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, Chubb has a consensus rating of "Moderate Buy" and a consensus price target of $307.86.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 12,231 shares of the company's stock in a transaction dated Thursday, March 20th. The stock was sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the completion of the transaction, the executive vice president now directly owns 78,422 shares of the company's stock, valued at $23,120,374.04. This represents a 13.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction dated Tuesday, March 18th. The stock was 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 represents a 33.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 63,470 shares of company stock valued at $18,562,730. Company insiders own 0.86% of the company's stock.

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.