Janus Henderson Group PLC Acquires 15,127 Shares of Chubb Limited (NYSE:CB)

Janus Henderson Group PLC increased its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 21.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,112 shares of the financial services provider's stock after acquiring an additional 15,127 shares during the period. Janus Henderson Group PLC's holdings in Chubb were worth $23,521,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CB. Vanguard Group Inc. boosted its holdings in Chubb by 0.8% during 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 purchasing an additional 271,648 shares during the last quarter. FMR LLC grew its holdings in shares of Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock valued at $4,329,173,000 after acquiring an additional 91,892 shares in the last quarter. Capital World Investors increased its position 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 valued at $3,172,194,000 after acquiring an additional 212,889 shares during the last quarter. Capital Research Global Investors increased its position 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 valued at $2,457,402,000 after acquiring an additional 131,075 shares during the last quarter. Finally, Demars Financial Group LLC raised its holdings in Chubb by 26,761.4% during 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. 83.81% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the transaction, the executive vice president now directly owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. The trade was a 33.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 in the last 90 days. Insiders own 0.77% of the company's stock.

Chubb Stock Down 0.0%

Shares of CB traded down $0.04 during trading hours on Monday, reaching $294.29. 1,267,202 shares of the stock traded hands, compared to its average volume of 1,612,862. 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 company has a market cap of $117.93 billion, a price-to-earnings ratio of 12.95, a PEG ratio of 3.36 and a beta of 0.57. The stock has a fifty day simple moving average of $288.43 and a 200 day simple moving average of $280.66. Chubb Limited has a 52 week low of $251.42 and a 52 week high of $306.91.

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

Chubb announced that its board has authorized a share buyback plan on Thursday, May 15th that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 4.3% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's leadership 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 given a $0.97 dividend. This is an increase from Chubb's previous quarterly dividend of $0.91. This represents a $3.88 dividend on an annualized basis 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 Analysts Forecast Growth

A number of research analysts have weighed in on the company. Barclays decreased their price target on Chubb from $324.00 to $321.00 and set an "overweight" rating for the company in a research note on Friday, April 11th. Keefe, Bruyette & Woods lowered their target price on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating on the stock in a report on Thursday, April 24th. Morgan Stanley boosted their price objective on shares of Chubb from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Monday. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price for the company in a research note on Wednesday, March 5th. Finally, Jefferies Financial Group raised their price objective on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $307.86.

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.