Chubb Limited (NYSE:CB) Shares Sold by Oakworth Capital Inc.

Oakworth Capital Inc. lowered its stake in Chubb Limited (NYSE:CB) by 5.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 881 shares of the financial services provider’s stock after selling 53 shares during the quarter. Oakworth Capital Inc.’s holdings in Chubb were worth $199,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Management Group LLP lifted its holdings in Chubb by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after purchasing an additional 138,142 shares in the last quarter. Deutsche Bank AG lifted its holdings in Chubb by 426.8% in the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after purchasing an additional 13,059,385 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in Chubb by 102,751.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock valued at $1,828,733,000 after purchasing an additional 8,281,754 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Chubb by 0.8% in the 1st quarter. Geode Capital Management LLC now owns 7,833,334 shares of the financial services provider’s stock valued at $1,517,747,000 after purchasing an additional 60,630 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in Chubb by 1.4% in the 2nd quarter. Wells Fargo & Company MN now owns 5,929,199 shares of the financial services provider’s stock valued at $1,141,727,000 after purchasing an additional 80,892 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Insider Activity at Chubb

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the company’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now directly owns 6,105 shares of the company’s stock, valued at $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the sale, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Timothy Alan Boroughs sold 14,303 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total value of $3,701,330.34. Following the completion of the sale, the executive vice president now owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The disclosure for this sale can be found here. Insiders sold 116,043 shares of company stock valued at $29,766,694 over the last three months. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Performance

NYSE CB opened at $243.46 on Thursday. The company has a market cap of $98.84 billion, a P/E ratio of 11.15, a P/E/G ratio of 1.16 and a beta of 0.62. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The stock has a 50-day moving average of $252.43 and a two-hundred day moving average of $233.80. Chubb Limited has a 1-year low of $183.71 and a 1-year high of $260.58.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping analysts’ consensus estimates of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The business had revenue of $13.38 billion during the quarter, compared to the consensus estimate of $12.88 billion. As a group, analysts anticipate that Chubb Limited will post 21.13 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date of this dividend was Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is 15.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. JMP Securities restated a “market outperform” rating and issued a $280.00 price objective on shares of Chubb in a report on Monday. StockNews.com upgraded Chubb from a “hold” rating to a “buy” rating in a report on Saturday, March 30th. Morgan Stanley lifted their price target on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a report on Monday. Citigroup reiterated a “neutral” rating and set a $275.00 price target (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Finally, Piper Sandler reiterated an “overweight” rating and set a $282.00 price target on shares of Chubb in a report on Monday, April 1st. Nine equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $266.37.

About Chubb

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.