William Blair Investment Management LLC Increases Position in Chubb Limited (NYSE:CB)

William Blair Investment Management LLC raised its position in shares of Chubb Limited (NYSE:CB) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,045 shares of the financial services provider’s stock after buying an additional 932 shares during the period. William Blair Investment Management LLC’s holdings in Chubb were worth $51,404,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. FMR LLC lifted its holdings in Chubb by 7.3% during the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after buying an additional 1,052,999 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Chubb during the fourth quarter worth $1,158,897,000. Charles Schwab Investment Management Inc. raised its stake in shares of Chubb by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider’s stock valued at $617,573,000 after acquiring an additional 46,068 shares in the last quarter. Barclays PLC boosted its holdings in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after purchasing an additional 388,746 shares during the period. Finally, Amundi grew its stake in Chubb by 8.1% during the 4th quarter. Amundi now owns 1,308,179 shares of the financial services provider’s stock worth $348,826,000 after purchasing an additional 97,705 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Up 1.3 %

NYSE:CB opened at $297.81 on Tuesday. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The stock’s 50 day moving average price is $274.21 and its 200 day moving average price is $280.97. 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 company has a market capitalization of $119.25 billion, a PE ratio of 13.11, a P/E/G ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given 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 yield of 1.22%. Chubb’s payout ratio is 16.02%.

Analyst Upgrades and Downgrades

CB has been the topic of several recent research reports. 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. HSBC upgraded 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. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. JPMorgan Chase & Co. upped their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $301.00.

Insiders Place Their Bets

In other news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the sale, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of the firm’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 value of $7,498,425.60. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by 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.