Capital International Investors Lowers Stake in Chubb Limited (NYSE:CB)

Capital International Investors trimmed its holdings in Chubb Limited (NYSE:CB) by 16.5% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,008,440 shares of the financial services provider’s stock after selling 1,186,941 shares during the period. Capital International Investors’ holdings in Chubb were worth $1,660,104,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Sierra Ocean LLC purchased a new stake in Chubb during the 4th quarter valued at approximately $29,000. Crowley Wealth Management Inc. purchased a new stake in shares of Chubb during the fourth quarter worth approximately $29,000. Human Investing LLC acquired a new stake in shares of Chubb during the fourth quarter worth $36,000. Mainstream Capital Management LLC purchased a new position in Chubb in the 4th quarter valued at $37,000. Finally, Whipplewood Advisors LLC acquired a new position in Chubb in the 4th quarter valued at $40,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 0.1 %

Shares of CB opened at $285.29 on Friday. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $306.91. 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 firm has a 50 day simple moving average of $284.27 and a 200-day simple moving average of $281.25. The stock has a market cap of $114.31 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47.

Chubb (NYSE:CB) last released its quarterly earnings results 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%. Equities analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb’s dividend payout ratio is currently 16.02%.

Insiders Place Their Bets

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares of the company’s stock, valued at $8,644,927.28. This represents a 33.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction 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 approximately $170,321,922.75. This represents a 4.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 in the last ninety days. Insiders own 0.86% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Chubb from $271.00 to $268.00 and set an “equal weight” rating for the company in a research note on Thursday, April 10th. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Finally, Jefferies Financial Group increased their price objective on Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $307.21.

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.