Intech Investment Management LLC Increases Stake in Chubb Limited (NYSE:CB)

Intech Investment Management LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 203.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 49,057 shares of the financial services provider’s stock after purchasing an additional 32,879 shares during the quarter. Intech Investment Management LLC’s holdings in Chubb were worth $13,554,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Continuum Advisory LLC boosted its holdings in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb during the 3rd quarter valued at about $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the 3rd quarter valued at about $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb during the 4th quarter valued at about $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb during the 3rd quarter valued at about $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CB. Hsbc Global Res raised shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Barclays dropped their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company dropped their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, Royal Bank of Canada reissued 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 issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus target price of $301.00.

Chubb Price Performance

NYSE CB opened at $297.81 on Tuesday. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The stock has a market cap of $119.25 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 3.36 and a beta of 0.66. The company’s 50 day moving average is $274.21 and its two-hundred day moving average is $280.97. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (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%. As a group, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s payout ratio is currently 16.02%.

Insider Activity

In related news, EVP Joseph F. Wayland sold 10,000 shares of the company’s stock in a transaction 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 owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly owns 584,395 shares in the company, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.86% of the company’s stock.

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.