Chubb Limited $CB Shares Acquired by IFM Investors Pty Ltd

IFM Investors Pty Ltd lifted its position in shares of Chubb Limited (NYSE:CB) by 2.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,444 shares of the financial services provider’s stock after acquiring an additional 1,931 shares during the quarter. IFM Investors Pty Ltd’s holdings in Chubb were worth $25,241,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. CBIZ Investment Advisory Services LLC boosted its position in Chubb by 148.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 82 shares of the financial services provider’s stock worth $26,000 after purchasing an additional 49 shares in the last quarter. Merkkuri Wealth Advisors LLC purchased a new stake in shares of Chubb in the first quarter valued at approximately $29,000. KERR FINANCIAL PLANNING Corp purchased a new stake in shares of Chubb in the third quarter valued at approximately $31,000. Laurel Wealth Advisors LLC acquired a new position in shares of Chubb during the 4th quarter worth approximately $31,000. Finally, Ares Financial Consulting LLC acquired a new position in shares of Chubb during the 4th quarter worth approximately $32,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CB shares. Mizuho decreased their target price on Chubb from $336.00 to $335.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 14th. Bank of America cut their price target on shares of Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a report on Tuesday, April 14th. Wells Fargo & Company upped their price objective on shares of Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a report on Monday, March 23rd. Finally, JPMorgan Chase & Co. lifted their target price on shares of Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research report on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $349.10.

Chubb Stock Performance

Shares of NYSE:CB opened at $340.49 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The firm has a market capitalization of $132.06 billion, a PE ratio of 12.02, a P/E/G ratio of 1.75 and a beta of 0.41. The business’s 50 day moving average price is $325.62 and its 200-day moving average price is $322.10.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. The firm had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. As a group, equities research analysts expect that Chubb Limited will post 26.8 earnings per share for the current fiscal year.

Chubb Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 2nd. Stockholders of record on Friday, June 12th will be given a $1.02 dividend. This represents a $4.08 dividend on an annualized basis and a dividend yield of 1.2%. This is a positive change from Chubb’s previous quarterly dividend of $0.97. The ex-dividend date is Friday, June 12th. Chubb’s dividend payout ratio (DPR) is currently 14.41%.

Insider Activity at Chubb

In other news, COO John W. Keogh sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $321.51, for a total value of $7,394,730.00. Following the transaction, the chief operating officer directly owned 203,322 shares of the company’s stock, valued at approximately $65,370,056.22. This trade represents a 10.16% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.37% of the stock is owned by company insiders.

About Chubb

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.