Chubb Limited (NYSE:CB) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lessened its position in Chubb Limited (NYSE:CB) by 8.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 242,751 shares of the financial services provider’s stock after selling 22,371 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Chubb were worth $67,072,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nwam LLC acquired a new position in shares of Chubb during the third quarter worth approximately $273,000. Kingsview Wealth Management LLC boosted its position in Chubb by 12.8% during the 3rd quarter. Kingsview Wealth Management LLC now owns 6,043 shares of the financial services provider’s stock worth $1,743,000 after acquiring an additional 686 shares during the period. Larson Financial Group LLC increased its holdings in shares of Chubb by 146.7% during the third quarter. Larson Financial Group LLC now owns 565 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 336 shares during the period. Harvest Fund Management Co. Ltd raised its stake in shares of Chubb by 70.7% during the third quarter. Harvest Fund Management Co. Ltd now owns 2,760 shares of the financial services provider’s stock valued at $796,000 after purchasing an additional 1,143 shares in the last quarter. Finally, Truvestments Capital LLC acquired a new stake in Chubb in the third quarter worth about $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction on Tuesday, March 18th. The shares were 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 directly owns 29,194 shares in the company, valued at $8,644,927.28. The trade was a 33.56 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO George F. Ohsiek sold 763 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $290.41, for a total value of $221,582.83. Following the sale, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. This represents a 3.67 % 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 valued at $18,562,730 in the last 90 days. 0.86% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have commented on CB shares. Wells Fargo & Company dropped their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. HSBC upgraded Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target on the stock in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. raised their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. 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 assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $301.00.

Chubb Price Performance

CB stock opened at $291.44 on Wednesday. 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 market capitalization of $116.70 billion, a P/E ratio of 12.83, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company’s 50 day simple moving average is $277.68 and its 200-day simple moving average is $281.25.

Chubb (NYSE:CB) last announced its earnings results 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, equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm 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 1.25%. Chubb’s payout ratio is presently 16.02%.

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.