Chubb Limited $CB Shares Sold by Resona Asset Management Co. Ltd.

Resona Asset Management Co. Ltd. reduced its position in shares of Chubb Limited (NYSE:CB) by 4.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 113,844 shares of the financial services provider’s stock after selling 5,495 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in Chubb were worth $35,533,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in CB. KERR FINANCIAL PLANNING Corp acquired a new stake in shares of Chubb during the 3rd quarter valued at approximately $31,000. Laurel Wealth Advisors LLC acquired a new stake in Chubb in the fourth quarter worth $31,000. Ares Financial Consulting LLC acquired a new stake in Chubb in the fourth quarter worth $32,000. Cornerstone Planning Group LLC increased its position in Chubb by 81.5% in the third quarter. Cornerstone Planning Group LLC now owns 118 shares of the financial services provider’s stock worth $33,000 after buying an additional 53 shares during the period. Finally, GoalVest Advisory LLC acquired a new stake in Chubb in the fourth quarter worth $40,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.37% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Deutsche Bank Aktiengesellschaft increased their target price on Chubb from $304.00 to $330.00 and gave the stock a “hold” rating in a research report on Monday, March 23rd. Wells Fargo & Company increased their target price on Chubb from $321.00 to $333.00 and gave the stock an “equal weight” rating in a research report on Thursday, April 23rd. Barclays increased their target price on Chubb from $374.00 to $375.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 22nd. Finally, Jefferies Financial Group dropped their target price on Chubb from $356.00 to $352.00 and set a “hold” rating on the stock in a research report on Thursday, April 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $349.33.

Chubb Trading Up 1.9%

NYSE:CB opened at $330.36 on Tuesday. Chubb Limited has a 1 year low of $264.10 and a 1 year high of $345.67. The stock has a market cap of $128.13 billion, a price-to-earnings ratio of 11.67, a PEG ratio of 1.66 and a beta of 0.43. The business has a fifty day moving average of $326.15 and a 200-day moving average of $314.63. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share (EPS) for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The company had revenue of $14.93 billion during the quarter. Equities analysts predict that Chubb Limited will post 26.78 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 6th. Stockholders of record on Friday, March 13th were paid a $0.97 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. Chubb’s dividend payout ratio is presently 13.70%.

Chubb Company Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.