Brandywine Global Investment Management LLC lessened its holdings in Chubb Ltd (NYSE:CB) by 0.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 420,243 shares of the financial services provider’s stock after selling 3,438 shares during the quarter. Brandywine Global Investment Management LLC owned 0.09% of Chubb worth $54,287,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its stake in shares of Chubb by 1.1% during the 3rd quarter. Vanguard Group Inc. now owns 37,280,448 shares of the financial services provider’s stock worth $4,982,160,000 after acquiring an additional 417,887 shares in the last quarter. Vanguard Group Inc boosted its stake in shares of Chubb by 1.1% during the 3rd quarter. Vanguard Group Inc now owns 37,280,448 shares of the financial services provider’s stock worth $4,982,160,000 after acquiring an additional 417,887 shares in the last quarter. BlackRock Inc. boosted its stake in shares of Chubb by 2.9% during the 4th quarter. BlackRock Inc. now owns 31,252,910 shares of the financial services provider’s stock worth $4,037,250,000 after acquiring an additional 875,406 shares in the last quarter. Capital International Investors boosted its stake in shares of Chubb by 89.7% during the 3rd quarter. Capital International Investors now owns 17,829,438 shares of the financial services provider’s stock worth $2,382,726,000 after acquiring an additional 8,430,416 shares in the last quarter. Finally, WCM Investment Management LLC boosted its stake in shares of Chubb by 4.4% during the 4th quarter. WCM Investment Management LLC now owns 6,998,830 shares of the financial services provider’s stock worth $904,109,000 after acquiring an additional 291,892 shares in the last quarter. 87.59% of the stock is currently owned by institutional investors.
Shares of Chubb stock opened at $136.35 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 0.32 and a quick ratio of 0.35. Chubb Ltd has a 1 year low of $119.54 and a 1 year high of $142.54. The company has a market cap of $61.94 billion, a P/E ratio of 14.44, a P/E/G ratio of 1.24 and a beta of 0.81.
Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, February 5th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.93 by $0.09. Chubb had a return on equity of 8.66% and a net margin of 11.72%. The firm had revenue of $6.77 billion during the quarter, compared to the consensus estimate of $6.80 billion. During the same period in the previous year, the firm posted $3.17 EPS. The company’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, analysts forecast that Chubb Ltd will post 10.79 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, March 22nd will be given a dividend of $0.73 per share. The ex-dividend date is Thursday, March 21st. This represents a $2.92 annualized dividend and a dividend yield of 2.14%. Chubb’s dividend payout ratio is currently 30.93%.
Several equities research analysts have recently commented on the company. Credit Suisse Group lowered Chubb from a “neutral” rating to an “underperform” rating and decreased their price target for the stock from $141.00 to $131.00 in a research note on Wednesday, February 27th. Zacks Investment Research lowered Chubb from a “hold” rating to a “sell” rating in a research note on Wednesday, February 6th. Deutsche Bank boosted their price target on Chubb from $122.00 to $123.00 and gave the stock a “sell” rating in a research note on Tuesday, December 4th. Wells Fargo & Co set a $160.00 price target on Chubb and gave the stock a “buy” rating in a research note on Friday, January 18th. Finally, Compass Point initiated coverage on Chubb in a research report on Tuesday, January 15th. They set a “buy” rating and a $165.00 price objective for the company. Three research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $152.70.
In other Chubb news, insider John J. Lupica sold 17,879 shares of the business’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $134.95, for a total value of $2,412,771.05. Following the completion of the transaction, the insider now directly owns 192,265 shares in the company, valued at approximately $25,946,161.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Paul Bennett Medini sold 2,437 shares of the business’s stock in a transaction on Wednesday, February 20th. The shares were sold at an average price of $133.94, for a total value of $326,411.78. Following the completion of the transaction, the insider now owns 95,101 shares of the company’s stock, valued at $12,737,827.94. The disclosure for this sale can be found here. Insiders own 0.44% of the company’s stock.
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Chubb Company Profile
Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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