Capital International Inc. CA Purchases 21,871 Shares of Chubb Limited (NYSE:CB)

Capital International Inc. CA lifted its holdings in Chubb Limited (NYSE:CB) by 15.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 165,818 shares of the financial services provider’s stock after buying an additional 21,871 shares during the period. Capital International Inc. CA’s holdings in Chubb were worth $45,816,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sierra Ocean LLC acquired a new position in Chubb in the fourth quarter valued at approximately $29,000. Crowley Wealth Management Inc. acquired a new position in shares of Chubb during the 4th quarter valued at $29,000. Strategic Financial Concepts LLC bought a new position in Chubb during the fourth quarter worth $30,000. Human Investing LLC acquired a new stake in Chubb in the fourth quarter worth $36,000. Finally, Mainstream Capital Management LLC bought a new stake in Chubb in the fourth quarter valued at $37,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 0.1 %

Shares of NYSE: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 market capitalization of $114.31 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. The business has a fifty day moving average price of $284.62 and a two-hundred day moving average price of $281.20. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping 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%. Analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts have recently commented on CB shares. Piper Sandler raised their target price on Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, April 1st. Wells Fargo & Company lowered their target price on Chubb from $271.00 to $268.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 10th. UBS Group upped their price objective on shares of Chubb from $298.00 to $303.00 and gave the stock a “neutral” rating in a report on Wednesday, April 9th. Barclays reduced their price objective on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating for the company in a report on Friday, April 11th. Finally, Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $307.21.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now 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. Insiders have sold a total of 63,470 shares of company stock worth $18,562,730 over the last ninety days. 0.86% of the stock is currently owned by company insiders.

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.