Northern Trust Corp boosted its position in Chubb Limited (NYSE:CB - Free Report) by 15.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,923,754 shares of the financial services provider's stock after purchasing an additional 522,049 shares during the period. Northern Trust Corp owned about 0.97% of Chubb worth $1,084,133,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the company. Barclays PLC boosted its stake in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after acquiring an additional 388,746 shares during the last quarter. Invst LLC raised its stake in Chubb by 6.0% in the 3rd quarter. Invst LLC now owns 915 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 52 shares during the last quarter. Boyar Asset Management Inc. raised its stake in Chubb by 3.8% in the 3rd quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider's stock valued at $804,000 after purchasing an additional 102 shares during the last quarter. World Investment Advisors LLC raised its stake in Chubb by 895.5% in the 3rd quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider's stock valued at $9,281,000 after purchasing an additional 28,950 shares during the last quarter. Finally, Sfmg LLC raised its stake in Chubb by 2.4% in the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock valued at $485,000 after purchasing an additional 40 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
CB has been the subject of several analyst reports. Raymond James reissued a "strong-buy" rating on shares of Chubb in a research note on Thursday, April 24th. Wells Fargo & Company boosted their target price on shares of Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research note on Thursday, April 24th. Barclays dropped their price objective on shares of 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 dropped their price objective on shares of Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research note on Thursday, April 24th. Finally, HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. 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 assigned a strong buy rating to the company. According to MarketBeat.com, Chubb currently has an average rating of "Moderate Buy" and an average target price of $307.86.
Check Out Our Latest Report on CB
Chubb Stock Down 0.9 %
Shares of Chubb stock traded down $2.46 on Thursday, hitting $283.62. 1,370,614 shares of the company's stock traded hands, compared to its average volume of 1,629,318. The stock has a market cap of $113.64 billion, a P/E ratio of 12.48, a PEG ratio of 3.36 and a beta of 0.47. 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 firm's 50-day moving average is $287.43 and its 200 day moving average is $281.12. Chubb Limited has a 52-week low of $244.84 and a 52-week high of $306.91.
Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, beating the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts anticipate 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. Stockholders of record on Friday, March 14th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio (DPR) is currently 17.52%.
Insider Activity
In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares of the company's stock, valued at approximately $8,644,927.28. This represents a 33.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Joseph F. Wayland sold 10,000 shares of the company'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 value of $2,869,600.00. Following 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 sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is currently owned by insiders.
Chubb Company Profile
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Free Report)
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.
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