Schroder Investment Management Group Grows Position in Chubb Limited (NYSE:CB)

Schroder Investment Management Group raised its position in shares of Chubb Limited (NYSE:CB) by 0.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,218,918 shares of the financial services provider’s stock after acquiring an additional 6,253 shares during the period. Schroder Investment Management Group’s holdings in Chubb were worth $335,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in Chubb in the fourth quarter worth $1,169,720,000. Raymond James Financial Inc. purchased a new position in shares of Chubb in the 4th quarter worth $1,158,897,000. GQG Partners LLC increased its holdings in shares of Chubb by 36.3% in the 4th quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider’s stock worth $1,223,932,000 after buying an additional 1,178,628 shares during the last quarter. Beutel Goodman & Co Ltd. raised its position in shares of Chubb by 1,007,698.0% during the 4th quarter. Beutel Goodman & Co Ltd. now owns 1,007,798 shares of the financial services provider’s stock valued at $278,454,000 after buying an additional 1,007,698 shares in the last quarter. Finally, Proficio Capital Partners LLC raised its position in shares of Chubb by 41,494.7% during the 4th quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider’s stock valued at $224,566,000 after buying an additional 810,807 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Down 0.7 %

Shares of NYSE:CB opened at $296.36 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $279.26 and its 200 day moving average is $281.43. The stock has a market cap of $118.67 billion, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.23%. Chubb’s payout ratio is presently 16.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective on the stock in a research note on Wednesday, March 5th. Wells Fargo & Company decreased their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. increased their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $301.00.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. The trade was a 33.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on 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. Over the last ninety days, insiders have sold 63,470 shares of company stock worth $18,562,730. Corporate insiders own 0.86% of the company’s stock.

Chubb Company 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.