Meiji Yasuda Life Insurance Co Has $11.24 Million Stock Position in Chubb Limited (NYSE:CB)

Meiji Yasuda Life Insurance Co decreased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 9.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,688 shares of the financial services provider's stock after selling 4,200 shares during the quarter. Meiji Yasuda Life Insurance Co's holdings in Chubb were worth $11,242,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in shares of Chubb in the fourth quarter valued at about $29,000. Crowley Wealth Management Inc. purchased a new stake in shares of Chubb during the fourth quarter valued at approximately $29,000. Strategic Financial Concepts LLC acquired a new position in shares of Chubb during the fourth quarter worth $30,000. Kayne Anderson Rudnick Investment Management LLC boosted its stake in shares of Chubb by 254.3% in the fourth 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 period. Finally, Human Investing LLC acquired a new stake in Chubb during the 4th quarter valued at $36,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Wells Fargo & Company lifted their price objective on Chubb from $268.00 to $278.00 and gave the stock an "equal weight" rating in a report on Thursday, April 24th. Raymond James reiterated a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Royal Bank of Canada restated an "outperform" rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Finally, Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $307.86.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 25,728 shares of the company'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 value of $7,498,425.60. Following the completion of the sale, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at $5,820,978.04. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 over the last 90 days. 0.77% of the stock is currently owned by company insiders.

Chubb Stock Performance

NYSE:CB traded up $1.23 during mid-day trading on Tuesday, hitting $289.06. The stock had a trading volume of 1,056,364 shares, compared to its average volume of 1,625,108. Chubb Limited has a 52 week low of $249.90 and a 52 week high of $306.91. 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 $115.83 billion, a price-to-earnings ratio of 12.72, a P/E/G ratio of 3.36 and a beta of 0.57. The company has a 50 day simple moving average of $288.11 and a 200-day simple moving average of $280.75.

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 analysts' consensus estimates of $3.28 by $0.40. The business 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, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

Chubb Company 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.