Boston Trust Walden Corp Grows Position in Chubb Limited (NYSE:CB)

Boston Trust Walden Corp raised its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 492,870 shares of the financial services provider's stock after purchasing an additional 7,940 shares during the quarter. Chubb makes up approximately 0.8% of Boston Trust Walden Corp's portfolio, making the stock its 28th largest holding. Boston Trust Walden Corp owned 0.12% of Chubb worth $111,389,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Avitas Wealth Management LLC lifted its holdings in shares of Chubb by 3.1% in the fourth quarter. Avitas Wealth Management LLC now owns 8,463 shares of the financial services provider's stock worth $1,913,000 after buying an additional 256 shares in the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Chubb by 2.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 188,998 shares of the financial services provider's stock worth $42,417,000 after buying an additional 5,210 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. lifted its holdings in shares of Chubb by 2.7% in the fourth quarter. Comprehensive Financial Consultants Institutional Inc. now owns 14,908 shares of the financial services provider's stock worth $3,369,000 after buying an additional 392 shares in the last quarter. Seed Wealth Management Inc. purchased a new stake in shares of Chubb in the fourth quarter worth about $206,000. Finally, Breakwater Capital Group bought a new position in shares of Chubb in the fourth quarter worth approximately $241,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the firm's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares of the company's stock, valued at $1,495,969.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CAO Annmarie T. Hagan sold 7,180 shares of Chubb stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares of the company's stock, valued at approximately $1,495,969.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares of the company's stock, valued at $33,902,208.04. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock valued at $29,766,694 over the last quarter. 0.37% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on CB shares. Royal Bank of Canada upped their price objective on shares of Chubb from $255.00 to $275.00 and gave the stock an "outperform" rating in a research report on Thursday, February 1st. Citigroup restated a "neutral" rating and issued a $275.00 price objective (up from $238.00) on shares of Chubb in a research report on Thursday, March 14th. JMP Securities upped their price objective on shares of Chubb from $250.00 to $280.00 and gave the stock a "market outperform" rating in a research report on Wednesday, January 31st. Piper Sandler restated an "overweight" rating and issued a $282.00 price objective on shares of Chubb in a research report on Monday. Finally, TD Cowen assumed coverage on shares of Chubb in a research report on Wednesday, January 10th. They issued a "market perform" rating and a $254.00 price objective on the stock. Ten analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $257.94.

Chubb Trading Down 1.0 %

Shares of Chubb stock traded down $2.56 on Thursday, hitting $252.23. The stock had a trading volume of 1,331,035 shares, compared to its average volume of 1,749,811. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a one year low of $183.71 and a one year high of $260.58. The stock has a market cap of $102.34 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.21 and a beta of 0.62. The stock's 50-day simple moving average is $251.85 and its two-hundred day simple moving average is $231.33.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping analysts' consensus estimates of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The company had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. As a group, sell-side analysts predict that Chubb Limited will post 21.17 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Thursday, March 14th. Chubb's payout ratio is 15.76%.

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.

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