Price T Rowe Associates Inc. MD Has $4.53 Billion Holdings in Chubb Limited (NYSE:CB)

Price T Rowe Associates Inc. MD lowered its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 5.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,406,884 shares of the financial services provider's stock after selling 931,674 shares during the quarter. Chubb comprises about 0.5% of Price T Rowe Associates Inc. MD's holdings, making the stock its 28th largest position. Price T Rowe Associates Inc. MD owned approximately 4.07% of Chubb worth $4,533,224,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of CB. Alta Advisers Ltd lifted its holdings in Chubb by 65.1% in the fourth quarter. Alta Advisers Ltd now owns 1,816 shares of the financial services provider's stock valued at $502,000 after acquiring an additional 716 shares during the period. Hsbc Holdings PLC grew its position in Chubb by 7.4% during the fourth quarter. Hsbc Holdings PLC now owns 451,554 shares of the financial services provider's stock worth $124,652,000 after buying an additional 31,028 shares during the period. Fayez Sarofim & Co increased its holdings in Chubb by 4.7% in the fourth quarter. Fayez Sarofim & Co now owns 1,256,098 shares of the financial services provider's stock valued at $347,060,000 after buying an additional 56,679 shares in the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of Chubb by 33.1% during the 4th quarter. OneDigital Investment Advisors LLC now owns 12,241 shares of the financial services provider's stock valued at $3,382,000 after acquiring an additional 3,042 shares during the period. Finally, Van Lanschot Kempen Investment Management N.V. increased its stake in Chubb by 18.0% in the 4th quarter. Van Lanschot Kempen Investment Management N.V. now owns 461,027 shares of the financial services provider's stock valued at $127,382,000 after purchasing an additional 70,453 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Up 0.9 %

Shares of CB stock traded up $2.56 during trading hours on Monday, reaching $281.67. The company had a trading volume of 398,369 shares, compared to its average volume of 1,840,550. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a twelve month low of $244.84 and a twelve month high of $306.91. The stock's fifty day simple moving average is $286.39 and its 200 day simple moving average is $281.09. The company has a market capitalization of $112.86 billion, a P/E ratio of 12.40, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share for the quarter, beating the consensus estimate of $3.28 by $0.40. Chubb had a return on equity of 13.75% and a net margin of 16.63%. The company had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. As a group, sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's payout ratio is currently 17.52%.

Insider Buying and Selling

In other news, CEO Evan G. Greenberg sold 25,728 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. The trade was a 33.56 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 63,470 shares of company stock worth $18,562,730. Insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on CB shares. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a report on Wednesday, March 5th. UBS Group increased their price objective on Chubb from $298.00 to $303.00 and gave the company a "neutral" rating in a research note on Wednesday, April 9th. Raymond James reissued a "strong-buy" rating on shares of Chubb in a research note on Thursday. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, Chubb currently has a consensus rating of "Moderate Buy" and a consensus target price of $307.79.

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.