Chubb Limited (NYSE:CB) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company trimmed its position in shares of Chubb Limited (NYSE:CB - Free Report) by 22.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 590,567 shares of the financial services provider's stock after selling 170,134 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.15% of Chubb worth $163,174,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in CB. Beacon Pointe Advisors LLC increased its stake in shares of Chubb by 2.0% in the 4th quarter. Beacon Pointe Advisors LLC now owns 41,274 shares of the financial services provider's stock valued at $11,404,000 after buying an additional 823 shares during the period. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in shares of Chubb in the 4th quarter valued at about $46,000. Public Employees Retirement Association of Colorado bought a new stake in shares of Chubb in the fourth quarter valued at about $109,952,000. Berger Financial Group Inc boosted its position in shares of Chubb by 1.0% during the fourth quarter. Berger Financial Group Inc now owns 20,453 shares of the financial services provider's stock worth $5,651,000 after buying an additional 202 shares during the period. Finally, Prosperity Consulting Group LLC grew its holdings in shares of Chubb by 5.8% during the fourth quarter. Prosperity Consulting Group LLC now owns 1,045 shares of the financial services provider's stock worth $289,000 after buying an additional 57 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Up 1.4 %

NYSE:CB traded up $4.00 during mid-day trading on Friday, hitting $287.29. 1,522,613 shares of the company's stock traded hands, compared to its average volume of 1,629,053. 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 company has a market capitalization of $115.12 billion, a P/E ratio of 12.64, a P/E/G ratio of 3.36 and a beta of 0.57. The company has a fifty day moving average of $287.63 and a 200 day moving average of $281.08. Chubb Limited has a twelve month low of $244.84 and a twelve month high of $306.91.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 EPS for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. Chubb had a net margin of 16.63% and a return on equity of 13.75%. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. On average, analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. Chubb's dividend payout ratio is presently 17.52%.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 12,231 shares of the stock in a transaction dated Thursday, March 20th. The shares were sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the sale, the executive vice president now directly owns 78,422 shares in the company, valued at $23,120,374.04. This represents a 13.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now owns 29,194 shares of the company's stock, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. 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 company insiders.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CB. JPMorgan Chase & Co. raised their price objective on Chubb from $300.00 to $307.00 and gave the company a "neutral" rating in a research report on Tuesday, April 8th. Piper Sandler lifted their target price on shares of Chubb from $310.00 to $335.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 1st. Wells Fargo & Company upped their price target on shares of Chubb from $268.00 to $278.00 and gave the company an "equal weight" rating in a research report on Thursday, April 24th. JMP Securities reissued a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group raised their target price on Chubb from $307.00 to $308.00 and gave the stock a "hold" rating in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $307.86.

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.