Wright Investors Service Inc. Boosts Stake in Chubb Limited (NYSE:CB)

Wright Investors Service Inc. grew its stake in Chubb Limited (NYSE:CB - Free Report) by 66.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,406 shares of the financial services provider's stock after buying an additional 3,768 shares during the quarter. Wright Investors Service Inc.'s holdings in Chubb were worth $2,126,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Wellington Management Group LLP grew its position in shares of Chubb by 0.8% during the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider's stock worth $3,855,996,000 after purchasing an additional 138,142 shares in the last quarter. Deutsche Bank AG grew its position 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 purchasing an additional 13,059,385 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position 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 purchasing an additional 8,281,754 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Chubb by 0.8% during the first quarter. Geode Capital Management LLC now owns 7,833,334 shares of the financial services provider's stock worth $1,517,747,000 after purchasing an additional 60,630 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Chubb by 1.4% during the second quarter. Wells Fargo & Company MN now owns 5,929,199 shares of the financial services provider's stock worth $1,141,727,000 after purchasing an additional 80,892 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Trading Up 0.8 %

Shares of Chubb stock traded up $1.86 on Thursday, reaching $245.39. The company had a trading volume of 1,548,981 shares, compared to its average volume of 1,717,337. The firm has a market cap of $99.63 billion, a price-to-earnings ratio of 11.24, a P/E/G ratio of 1.16 and a beta of 0.62. 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 firm's 50-day moving average price is $252.45 and its two-hundred day moving average price is $233.88. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58.

Chubb (NYSE:CB - Get Free Report) last announced its 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 firm had revenue of $13.38 billion during the quarter, compared to analysts' expectations of $12.88 billion. As a group, research analysts predict that Chubb Limited will post 21.13 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb's payout ratio is currently 15.76%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Evercore ISI increased their target price on Chubb from $270.00 to $281.00 and gave the stock an "outperform" rating in a research report on Thursday, April 11th. Citigroup reiterated a "neutral" rating and set a $275.00 target price (up previously from $238.00) on shares of Chubb in a research report on Thursday, March 14th. JPMorgan Chase & Co. increased their price target on Chubb from $253.00 to $266.00 and gave the company a "neutral" rating in a research note on Monday, April 8th. Piper Sandler reissued an "overweight" rating and set a $282.00 price target on shares of Chubb in a research note on Monday, April 1st. Finally, Wells Fargo & Company increased their price target on Chubb from $234.00 to $255.00 and gave the company an "equal weight" rating in a research note on Thursday, February 1st. Nine analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Chubb has a consensus rating of "Moderate Buy" and an average target price of $266.37.

Insider Activity at Chubb

In related news, insider John J. Lupica sold 34,464 shares of the business's stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the transaction, the insider now owns 130,937 shares in the company, valued at approximately $33,902,208.04. 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 Chubb stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the sale, the executive vice president now directly owns 35,662 shares of the company's stock, valued at approximately $9,228,612.36. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the sale, the insider now directly 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 a total of 116,043 shares of company stock worth $29,766,694 in the last quarter. 0.86% of the stock is owned by company insiders.

About Chubb

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.