Meeder Asset Management Inc. Cuts Holdings in Chubb Limited (NYSE:CB)

Meeder Asset Management Inc. decreased its position in Chubb Limited (NYSE:CB - Free Report) by 45.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,285 shares of the financial services provider's stock after selling 6,100 shares during the quarter. Meeder Asset Management Inc.'s holdings in Chubb were worth $1,646,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Deutsche Bank AG lifted its holdings in shares of Chubb by 426.8% during the third quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider's stock worth $3,355,762,000 after buying an additional 13,059,385 shares during the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Chubb by 102,751.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider's stock worth $1,828,733,000 after buying an additional 8,281,754 shares during the last quarter. Norges Bank acquired a new position in shares of Chubb during the fourth quarter worth approximately $619,661,000. 1832 Asset Management L.P. lifted its holdings in shares of Chubb by 1,476.9% during the fourth quarter. 1832 Asset Management L.P. now owns 999,392 shares of the financial services provider's stock worth $220,466,000 after buying an additional 936,015 shares during the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in shares of Chubb by 978.1% during the third quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider's stock worth $113,781,000 after buying an additional 495,860 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Wells Fargo & Company upped their price target on Chubb from $234.00 to $255.00 and gave the stock an "equal weight" rating in a report on Thursday, February 1st. StockNews.com upgraded Chubb from a "hold" rating to a "buy" rating in a research note on Saturday, March 30th. BMO Capital Markets upped their target price on Chubb from $220.00 to $240.00 and gave the company a "market perform" rating in a research note on Monday, February 5th. Roth Mkm upped their target price on Chubb from $260.00 to $280.00 and gave the company a "buy" rating in a research note on Wednesday, January 31st. Finally, Piper Sandler restated an "overweight" rating and issued a $282.00 target price on shares of Chubb in a research note on Monday, April 1st. Ten analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $258.83.

Chubb Price Performance

Shares of CB stock traded up $0.29 during trading hours on Monday, hitting $253.19. 1,271,186 shares of the company's stock were exchanged, compared to its average volume of 1,735,219. The stock's 50-day moving average is $252.30 and its 200-day moving average is $231.99. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a market cap of $102.79 billion, a price-to-earnings ratio of 11.60, a price-to-earnings-growth ratio of 1.19 and a beta of 0.62. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.07 by $3.23. The business had revenue of $13.38 billion for the quarter, compared to analysts' expectations of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. As a group, research analysts forecast that Chubb Limited will post 21.18 EPS for the current year.

Chubb Announces Dividend

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

Insider Activity at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of the firm's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares in the company, valued at $9,228,612.36. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Chubb news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the transaction, the executive vice president now owns 35,662 shares of the company's stock, valued at $9,228,612.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated Thursday, February 1st. The shares were 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 directly owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock worth $29,766,694 over the last 90 days. Insiders own 0.37% of the company's stock.

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.