Nomura Asset Management Co. Ltd. Cuts Stock Holdings in Chubb Limited (NYSE:CB)

Nomura Asset Management Co. Ltd. lowered its stake in Chubb Limited (NYSE:CB) by 3.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 230,308 shares of the financial services provider’s stock after selling 8,713 shares during the quarter. Nomura Asset Management Co. Ltd. owned 0.06% of Chubb worth $52,050,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Skopos Labs Inc. acquired a new stake in shares of Chubb in the fourth quarter valued at approximately $493,000. Congress Wealth Management LLC DE increased its position in Chubb by 9.0% during the 4th quarter. Congress Wealth Management LLC DE now owns 1,978 shares of the financial services provider’s stock worth $447,000 after purchasing an additional 164 shares in the last quarter. Orion Portfolio Solutions LLC grew its holdings in Chubb by 16.5% in the 4th quarter. Orion Portfolio Solutions LLC now owns 44,799 shares of the financial services provider’s stock valued at $10,133,000 after buying an additional 6,330 shares during the period. Team Hewins LLC purchased a new stake in Chubb in the 4th quarter valued at about $307,000. Finally, SageView Advisory Group LLC purchased a new stake in shares of Chubb during the 4th quarter worth about $455,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CB shares. JPMorgan Chase & Co. upped their target price on Chubb from $253.00 to $266.00 and gave the company a “neutral” rating in a research report on Monday, April 8th. Royal Bank of Canada cut their price objective on Chubb from $295.00 to $285.00 and set an “outperform” rating for the company in a report on Thursday, April 25th. Bank of America raised Chubb from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $244.00 to $266.00 in a research note on Thursday. StockNews.com lowered Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, The Goldman Sachs Group increased their price objective on Chubb from $228.00 to $254.00 and gave the company a “neutral” rating in a report on Friday, April 12th. Eleven equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Moderate Buy” and a consensus price target of $266.70.

Insider Buying and Selling

In related news, Director Michael G. Atieh sold 716 shares of the business’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $269.70, for a total transaction of $193,105.20. Following the completion of the transaction, the director now owns 39,295 shares in the company, valued at approximately $10,597,861.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the completion of the sale, the chief accounting officer now directly owns 7,718 shares in the company, valued at $2,036,085.58. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Michael G. Atieh sold 716 shares of Chubb stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $269.70, for a total transaction of $193,105.20. Following the sale, the director now owns 39,295 shares of the company’s stock, valued at $10,597,861.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 145,815 shares of company stock valued at $37,349,247. Company insiders own 0.86% of the company’s stock.

Chubb Stock Up 0.6 %

Shares of CB traded up $1.68 on Friday, hitting $264.76. 862,636 shares of the stock traded hands, compared to its average volume of 1,701,991. Chubb Limited has a one year low of $183.71 and a one year high of $275.41. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.29 and a current ratio of 0.29. The business has a 50 day simple moving average of $253.77 and a 200 day simple moving average of $241.73. The company has a market capitalization of $107.51 billion, a PE ratio of 11.75, a P/E/G ratio of 9.33 and a beta of 0.63.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, topping the consensus estimate of $5.29 by $0.12. The business had revenue of $12.22 billion for the quarter, compared to analysts’ expectations of $11.75 billion. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company’s revenue was up 14.1% compared to the same quarter last year. During the same quarter last year, the company posted $4.41 EPS. As a group, equities analysts forecast that Chubb Limited will post 21.21 earnings per share for the current fiscal year.

Chubb Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, June 14th. This is a boost from Chubb’s previous quarterly dividend of $0.86. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.37%. Chubb’s payout ratio is currently 15.27%.

Chubb 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.