World Investment Advisors Has $9.52 Million Stock Position in Chubb Limited (NYSE:CB)

World Investment Advisors boosted its holdings in Chubb Limited (NYSE:CB) by 7.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 34,437 shares of the financial services provider’s stock after acquiring an additional 2,254 shares during the quarter. World Investment Advisors’ holdings in Chubb were worth $9,515,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Disciplined Investors L.L.C. acquired a new stake in shares of Chubb in the 4th quarter valued at approximately $255,000. Huntington National Bank lifted its stake in Chubb by 1.7% in the 4th quarter. Huntington National Bank now owns 359,566 shares of the financial services provider’s stock valued at $99,349,000 after purchasing an additional 6,072 shares during the last quarter. RFG Bristol Wealth Advisors LLC acquired a new stake in Chubb in the fourth quarter valued at approximately $330,000. May Hill Capital LLC bought a new stake in shares of Chubb during the fourth quarter worth $254,000. Finally, Nemes Rush Group LLC increased its holdings in shares of Chubb by 5.8% during the fourth quarter. Nemes Rush Group LLC now owns 57,919 shares of the financial services provider’s stock worth $16,003,000 after buying an additional 3,190 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CB. Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a report on Wednesday, March 5th. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Piper Sandler boosted their target price on shares of Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $303.14.

Chubb Stock Performance

Shares of CB opened at $302.02 on Thursday. The firm’s fifty day simple moving average is $281.24 and its two-hundred day simple moving average is $281.74. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $304.34. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $120.93 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping 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%. As a group, analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.21%. Chubb’s dividend payout ratio is currently 16.02%.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was 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 directly owns 29,194 shares in the company, valued at $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock worth $18,562,730 in the last quarter. Company 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.