Chubb Limited (NYSE:CB) Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lowered its holdings in Chubb Limited (NYSE:CB) by 5.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 190,578 shares of the financial services provider’s stock after selling 10,763 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Chubb were worth $52,657,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in CB. Nomura Asset Management Co. Ltd. raised its holdings in Chubb by 0.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 260,483 shares of the financial services provider’s stock worth $71,971,000 after purchasing an additional 1,289 shares in the last quarter. New Age Alpha Advisors LLC raised its stake in Chubb by 43,904.9% during the 4th quarter. New Age Alpha Advisors LLC now owns 45,325 shares of the financial services provider’s stock worth $12,523,000 after acquiring an additional 45,222 shares in the last quarter. Norges Bank purchased a new stake in Chubb in the fourth quarter valued at $1,169,720,000. Blair William & Co. IL lifted its position in Chubb by 7.6% in the fourth quarter. Blair William & Co. IL now owns 58,166 shares of the financial services provider’s stock valued at $16,071,000 after acquiring an additional 4,095 shares during the last quarter. Finally, Loomis Sayles & Co. L P acquired a new position in Chubb in the fourth quarter valued at $55,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents 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 Chubb stock in a transaction dated 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 owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. The trade was a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 in the last ninety days. Corporate insiders own 0.86% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on CB shares. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays reduced their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and an average target price of $301.00.

Chubb Trading Down 0.7 %

NYSE:CB opened at $296.36 on Friday. The stock has a market capitalization of $118.67 billion, a price-to-earnings ratio of 13.04, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The stock has a fifty day moving average price of $279.26 and a two-hundred day moving average price of $281.43. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last announced its quarterly earnings data 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 net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company 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 $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%.

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.