Generali Asset Management SPA SGR Purchases Shares of 15,335 Chubb Limited (NYSE:CB)

Generali Asset Management SPA SGR purchased a new stake in Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 15,335 shares of the financial services provider’s stock, valued at approximately $4,237,000.

A number of other large investors have also recently added to or reduced their stakes in the company. Evoke Wealth LLC lifted its stake in Chubb by 4.1% in the fourth quarter. Evoke Wealth LLC now owns 1,810 shares of the financial services provider’s stock valued at $502,000 after acquiring an additional 72 shares during the last quarter. Horizon Investments LLC lifted its stake in shares of Chubb by 1.8% during the 4th quarter. Horizon Investments LLC now owns 6,316 shares of the financial services provider’s stock worth $1,745,000 after buying an additional 114 shares during the last quarter. PDS Planning Inc lifted its stake in shares of Chubb by 2.7% during the 4th quarter. PDS Planning Inc now owns 2,473 shares of the financial services provider’s stock worth $683,000 after buying an additional 66 shares during the last quarter. Axxcess Wealth Management LLC raised its stake in Chubb by 3.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 3,277 shares of the financial services provider’s stock worth $905,000 after purchasing an additional 105 shares in the last quarter. Finally, Delphi Management Inc. MA raised its stake in Chubb by 1.3% in the 4th quarter. Delphi Management Inc. MA now owns 5,255 shares of the financial services provider’s stock worth $1,452,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the business’s 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO George F. Ohsiek sold 763 shares of the business’s 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 sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 36,491 shares of company stock valued at $10,589,608 in the last ninety days. 0.86% of the stock is currently owned by insiders.

Chubb Trading Down 0.6 %

Shares of Chubb stock opened at $295.49 on Wednesday. The firm has a market capitalization of $118.32 billion, a PE ratio of 13.01, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. 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 firm’s 50 day moving average is $274.75 and its 200 day moving average is $281.05. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05.

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

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. 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. lifted their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and an average price target of $301.00.

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.