Geode Capital Management LLC Buys 18,619 Shares of Chubb Limited (NYSE:CB)

Geode Capital Management LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 0.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,618,539 shares of the financial services provider’s stock after purchasing an additional 18,619 shares during the quarter. Geode Capital Management LLC owned about 2.14% of Chubb worth $2,376,576,000 as of its most recent filing with the Securities & Exchange Commission.

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

Chubb Trading Up 1.9 %

Shares of Chubb stock opened at $302.19 on Tuesday. The stock has a 50 day moving average of $279.92 and a 200 day moving average of $281.51. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a market capitalization of $121.00 billion, a price-to-earnings ratio of 13.30, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $303.66.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates 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, research 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. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.20%. Chubb’s payout ratio is presently 16.02%.

Analysts Set New Price Targets

CB has been the topic of several research reports. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Wells Fargo & Company reduced their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, HSBC upgraded shares of 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. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $301.00.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the firm’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the transaction, the chief accounting officer now directly owns 20,044 shares of the company’s stock, valued at $5,820,978.04. This represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 63,470 shares of company stock worth $18,562,730. 0.86% of the stock is currently owned by company insiders.

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.