Royal London Asset Management Ltd. Raises Stock Holdings in Chubb Limited (NYSE:CB)

Royal London Asset Management Ltd. grew its stake in shares of Chubb Limited (NYSE:CB) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 219,418 shares of the financial services provider’s stock after buying an additional 4,693 shares during the period. Royal London Asset Management Ltd. owned 0.05% of Chubb worth $60,625,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC boosted its position in shares of Chubb by 57.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after purchasing an additional 130,629 shares during the period. Czech National Bank lifted its stake in shares of Chubb by 6.2% during the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after buying an additional 4,757 shares in the last quarter. Barclays PLC boosted its holdings in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after buying an additional 388,746 shares during the period. Weiss Asset Management LP purchased a new stake in Chubb in the 3rd quarter worth $27,424,000. Finally, Versant Capital Management Inc raised its holdings in Chubb by 133.9% during the fourth quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider’s stock valued at $153,000 after acquiring an additional 316 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on CB shares. Keefe, Bruyette & Woods increased their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Barclays decreased their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average price target of $301.00.

Insider Activity at Chubb

In related news, CAO George F. Ohsiek sold 763 shares of the company’s stock in a transaction 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 completion of the sale, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. This represents a 3.67 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 51,239 shares of company stock valued at $14,956,786 over the last ninety days. 0.86% of the stock is owned by company insiders.

Chubb Stock Down 0.7 %

Shares of CB opened at $294.09 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The business has a fifty day moving average of $275.90 and a 200 day moving average of $281.25. The company has a market cap of $117.76 billion, a PE ratio of 12.94, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings results 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%. On average, sell-side analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm 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 dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.24%. Chubb’s dividend payout ratio is presently 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.