Nomura Holdings Inc. Boosts Holdings in Chubb Limited (NYSE:CB)

Nomura Holdings Inc. boosted its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 186.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,880 shares of the financial services provider's stock after acquiring an additional 13,587 shares during the period. Nomura Holdings Inc.'s holdings in Chubb were worth $5,769,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Sierra Ocean LLC purchased a new stake in Chubb in the 4th quarter worth about $29,000. Crowley Wealth Management Inc. purchased a new stake in Chubb in the 4th quarter worth about $29,000. Strategic Financial Concepts LLC purchased a new stake in Chubb in the 4th quarter worth about $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 worth $34,000 after purchasing an additional 89 shares during the period. Finally, Human Investing LLC purchased a new stake in Chubb in the 4th quarter worth about $36,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Chubb

In other Chubb news, CAO George F. Ohsiek sold 763 shares of the stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the sale, the chief accounting officer now directly owns 20,044 shares of the company's stock, valued at approximately $5,820,978.04. This represents a 3.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the 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 completion of the sale, 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. In the last three months, insiders have sold 63,470 shares of company stock worth $18,562,730. 0.77% of the stock is currently owned by insiders.

Chubb Trading Down 0.0%

Shares of CB stock traded down $0.04 during trading hours on Monday, hitting $294.29. The company had a trading volume of 1,267,202 shares, compared to its average volume of 1,612,862. The company's fifty day moving average is $288.43 and its 200 day moving average is $280.66. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a fifty-two week low of $251.42 and a fifty-two week high of $306.91. The stock has a market capitalization of $117.93 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping 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. Research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

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

Chubb Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 3rd. Stockholders 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 dividend yield of 1.32%. The ex-dividend date of this dividend is Friday, June 13th. Chubb's dividend payout ratio is currently 17.52%.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent analyst reports. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a research report on Wednesday, March 5th. Barclays reduced their target price 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. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Morgan Stanley increased their price objective on shares of Chubb from $280.00 to $300.00 and gave the company an "equal weight" rating in a research note on Monday. Finally, 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 note on Tuesday, April 1st. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average 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.