Natixis Advisors LLC Has $169.39 Million Stock Position in Chubb Limited (NYSE:CB)

Natixis Advisors LLC raised its position in shares of Chubb Limited (NYSE:CB) by 3.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 613,047 shares of the financial services provider’s stock after purchasing an additional 17,729 shares during the period. Natixis Advisors LLC’s holdings in Chubb were worth $169,385,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CB. Frank Rimerman Advisors LLC lifted its stake in shares of Chubb by 4.0% in the 4th quarter. Frank Rimerman Advisors LLC now owns 4,189 shares of the financial services provider’s stock valued at $1,157,000 after acquiring an additional 163 shares during the last quarter. Clearstead Trust LLC lifted its stake in shares of Chubb by 2,125.0% in the 4th quarter. Clearstead Trust LLC now owns 1,780 shares of the financial services provider’s stock valued at $492,000 after acquiring an additional 1,700 shares during the last quarter. Zevin Asset Management LLC lifted its stake in shares of Chubb by 15.1% in the 4th quarter. Zevin Asset Management LLC now owns 47,370 shares of the financial services provider’s stock valued at $13,088,000 after acquiring an additional 6,232 shares during the last quarter. Brown Miller Wealth Management LLC lifted its stake in shares of Chubb by 0.5% in the 4th quarter. Brown Miller Wealth Management LLC now owns 12,864 shares of the financial services provider’s stock valued at $3,554,000 after acquiring an additional 64 shares during the last quarter. Finally, Left Brain Wealth Management LLC lifted its stake in shares of Chubb by 2.2% in the 4th quarter. Left Brain Wealth Management LLC now owns 6,398 shares of the financial services provider’s stock valued at $1,768,000 after acquiring an additional 139 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CB has been the subject of a number of research reports. Barclays dropped their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Keefe, Bruyette & Woods raised their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research note on Wednesday, March 5th. Finally, Wells Fargo & Company reduced their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $301.00.

Chubb Trading Up 2.0 %

Shares of CB stock opened at $294.46 on Friday. The company’s fifty day simple moving average is $273.60 and its two-hundred day simple moving average is $280.82. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The stock has a market capitalization of $117.91 billion, a price-to-earnings ratio of 12.96, a PEG ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.24%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Buying and Selling

In other Chubb news, CEO Evan G. Greenberg sold 25,728 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now directly owns 584,395 shares of the company’s stock, valued at $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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 transaction, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by company insiders.

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.