200 Shares in Chubb Limited (NYSE:CB) Bought by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P acquired a new position in shares of Chubb Limited (NYSE:CB) in the 4th quarter, Holdings Channel.com reports. The firm acquired 200 shares of the financial services provider’s stock, valued at approximately $55,000.

A number of other large investors have also recently bought and sold shares of the company. Continuum Advisory LLC lifted its holdings in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb during the third quarter valued at approximately $29,000. Raelipskie Partnership bought a new stake in Chubb during the third quarter worth $29,000. Sierra Ocean LLC acquired a new stake in shares of Chubb in the 4th quarter valued at $29,000. Finally, Crowley Wealth Management Inc. bought a new position in shares of Chubb in the 4th quarter valued at $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Down 0.7 %

Shares of NYSE:CB opened at $296.36 on Monday. The business has a fifty day simple moving average of $279.26 and a 200 day simple moving average of $281.41. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The firm has a market cap of $118.67 billion, a P/E ratio of 13.04, a P/E/G ratio of 3.36 and a beta of 0.66. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

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

Chubb Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently weighed in on CB shares. JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Barclays dropped their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company decreased their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $301.00.

Insider Transactions at Chubb

In other Chubb news, CAO George F. Ohsiek sold 763 shares of the stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $290.41, for a total transaction of $221,582.83. Following the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at approximately $5,820,978.04. This represents a 3.67 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company’s stock, valued at $170,321,922.75. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 over the last three months. 0.86% of the stock is owned by company insiders.

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.