Quantinno Capital Management LP Grows Stock Position in Chubb Limited (NYSE:CB)

Quantinno Capital Management LP boosted its stake in Chubb Limited (NYSE:CB - Free Report) by 26.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,945 shares of the financial services provider's stock after acquiring an additional 7,951 shares during the period. Quantinno Capital Management LP's holdings in Chubb were worth $10,484,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in Chubb in the fourth quarter valued at $29,000. Crowley Wealth Management Inc. bought a new stake in Chubb in the fourth quarter valued at $29,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in Chubb by 254.3% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider's stock valued at $34,000 after acquiring an additional 89 shares in the last quarter. Human Investing LLC bought a new stake in Chubb in the fourth quarter valued at $36,000. Finally, Mainstream Capital Management LLC bought a new stake in Chubb in the fourth quarter valued at $37,000. Institutional investors own 83.81% of the company's stock.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares of the company's stock, valued at $8,644,927.28. This represents a 33.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. The trade was a 11.40% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.77% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on CB shares. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. UBS Group boosted their target price on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a report on Monday, April 28th. JMP Securities restated a "market outperform" rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. 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 report on Thursday, April 24th. Finally, Piper Sandler boosted their target price on shares of Chubb from $310.00 to $335.00 and gave the company an "overweight" rating in a report on Tuesday, April 1st. Two investment 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $307.86.

Chubb Stock Up 0.7%

Shares of CB traded up $2.14 during trading hours on Friday, hitting $294.19. The company had a trading volume of 1,402,309 shares, compared to its average volume of 1,614,250. The firm has a fifty day moving average price of $288.43 and a 200-day moving average price of $280.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a market capitalization of $117.89 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 3.36 and a beta of 0.57. Chubb Limited has a 52-week low of $251.42 and a 52-week high of $306.91.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $12.65 billion during the quarter, compared to analyst estimates of $11.22 billion. On average, equities research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb announced that its board has approved a stock buyback plan on Thursday, May 15th that allows the company to buyback $5.00 billion in shares. This buyback authorization allows the financial services provider to buy up to 4.3% of its shares through open market purchases. Shares buyback plans are generally a sign that the company's leadership believes its shares are undervalued.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 3rd. Shareholders of record on Friday, June 13th will be given a $0.97 dividend. This is a positive change from Chubb's previous quarterly dividend of $0.91. The ex-dividend date of this dividend is Friday, June 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.32%. Chubb's payout ratio is 17.52%.

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.