Aware Super Pty Ltd as trustee of Aware Super Takes $285,000 Position in Chubb Limited (NYSE:CB)

Aware Super Pty Ltd as trustee of Aware Super bought a new position in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,032 shares of the financial services provider’s stock, valued at approximately $285,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Chubb by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider’s stock worth $10,072,097,000 after buying an additional 271,648 shares in the last quarter. FMR LLC raised its position in shares of Chubb by 0.6% in the fourth quarter. FMR LLC now owns 15,668,377 shares of the financial services provider’s stock worth $4,329,173,000 after acquiring an additional 91,892 shares during the period. GQG Partners LLC boosted its stake in shares of Chubb by 36.3% during the 4th quarter. GQG Partners LLC now owns 4,429,720 shares of the financial services provider’s stock worth $1,223,932,000 after acquiring an additional 1,178,628 shares in the last quarter. Norges Bank acquired a new stake in shares of Chubb during the 4th quarter valued at about $1,169,720,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Chubb in the 4th quarter valued at about $1,158,897,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

CB stock opened at $284.71 on Wednesday. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $306.91. The firm has a market capitalization of $114.08 billion, a PE ratio of 12.53, a price-to-earnings-growth ratio of 3.36 and a beta of 0.47. 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 business has a 50 day simple moving average of $283.58 and a 200-day simple moving average of $281.24.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a $0.91 dividend. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.28%. Chubb’s payout ratio is 16.02%.

Analyst Ratings Changes

CB has been the topic of several research analyst reports. Piper Sandler raised their price objective on Chubb from $310.00 to $335.00 and gave the company an “overweight” rating in a report on Tuesday, April 1st. Barclays dropped their price target on shares of Chubb from $324.00 to $321.00 and set an “overweight” rating on the stock in a research note on Friday, April 11th. Jefferies Financial Group upped their price objective on shares of Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a research report on Friday, April 11th. UBS Group lifted their target price on shares of Chubb from $298.00 to $303.00 and gave the company a “neutral” rating in a research report on Wednesday, April 9th. Finally, HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research report on Wednesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $307.21.

Insider Activity

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares of the company’s stock, valued at $8,644,927.28. This represents a 33.56 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the firm’s stock in a transaction dated 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 directly owns 20,044 shares of the company’s stock, valued at $5,820,978.04. The trade was a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock valued at $18,562,730 in the last 90 days. Company insiders own 0.86% of the company’s stock.

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.