Nomura Asset Management Co. Ltd. Purchases 1,289 Shares of Chubb Limited (NYSE:CB)

Nomura Asset Management Co. Ltd. raised its position in Chubb Limited (NYSE:CB) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 260,483 shares of the financial services provider’s stock after acquiring an additional 1,289 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Chubb were worth $71,971,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Age Alpha Advisors LLC raised its position 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 valued at $12,523,000 after purchasing an additional 45,222 shares during the last quarter. Norges Bank purchased a new position in shares of Chubb during the fourth quarter valued at approximately $1,169,720,000. Blair William & Co. IL increased its stake in shares of Chubb by 7.6% during 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 buying an additional 4,095 shares during the period. Loomis Sayles & Co. L P bought a new position in shares of Chubb during the fourth quarter valued at approximately $55,000. Finally, AssuredPartners Investment Advisors LLC purchased a new stake in Chubb in the fourth quarter worth $1,310,000. 83.81% of the stock is owned by institutional investors.

Chubb Price Performance

Shares of NYSE:CB opened at $298.71 on Friday. The business has a fifty day moving average price of $278.72 and a 200-day moving average price of $281.47. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The company has a market capitalization of $119.61 billion, a PE ratio of 13.15, 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.

Chubb (NYSE:CB) last released its quarterly earnings data 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, equities analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend 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 currently 16.02%.

Insider Activity at Chubb

In related news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The stock was 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 in the company, valued at approximately $170,321,922.75. This trade represents a 4.22 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of the company’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 transaction, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have commented on the stock. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Wells Fargo & Company decreased their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $301.00.

Chubb Company 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.