Ensign Peak Advisors Inc Lowers Position in Chubb Limited (NYSE:CB)

Ensign Peak Advisors Inc decreased its holdings in shares of Chubb Limited (NYSE:CB) by 6.1% during the fourth quarter, HoldingsChannel reports. The firm owned 607,616 shares of the financial services provider’s stock after selling 39,667 shares during the period. Ensign Peak Advisors Inc’s holdings in Chubb were worth $167,884,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Chubb by 57.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after purchasing an additional 130,629 shares in the last quarter. Czech National Bank increased its holdings in shares of Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after purchasing an additional 4,757 shares during the period. Barclays PLC increased its holdings in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after buying an additional 388,746 shares during the period. California Public Employees Retirement System raised its holdings in shares of Chubb by 1.1% during the fourth quarter. California Public Employees Retirement System now owns 1,350,381 shares of the financial services provider’s stock worth $373,110,000 after purchasing an additional 14,610 shares during the last quarter. Finally, Canopy Partners LLC lifted its holdings in shares of Chubb by 94.4% in the 4th quarter. Canopy Partners LLC now owns 4,818 shares of the financial services provider’s stock valued at $1,331,000 after buying an additional 2,340 shares during the period. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CB. Keefe, Bruyette & Woods dropped their target price on Chubb from $316.00 to $314.00 and set an “outperform” rating on the stock in a research report on Thursday, April 24th. Raymond James reiterated a “strong-buy” rating on shares of Chubb in a research report on Thursday, April 24th. Jefferies Financial Group boosted their price objective on Chubb from $307.00 to $308.00 and gave the stock a “hold” rating in a research note on Friday, April 11th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, April 8th. Finally, Piper Sandler raised their price objective on Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, April 1st. Two analysts have rated the stock with a sell rating, five have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of “Moderate Buy” and a consensus target price of $307.86.

Insiders Place Their Bets

In related news, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company’s stock, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the sale, the executive vice president now owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is currently owned by corporate insiders.

Chubb Stock Down 0.5 %

Shares of Chubb stock opened at $289.00 on Friday. Chubb Limited has a 12-month low of $250.90 and a 12-month high of $306.91. The stock has a market capitalization of $115.81 billion, a P/E ratio of 12.72, a PEG ratio of 3.36 and a beta of 0.57. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $288.34 and a two-hundred day moving average price of $280.82.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.28 by $0.40. The company had revenue of $12.65 billion for the quarter, compared to analyst estimates of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date was Friday, March 14th. Chubb’s dividend payout ratio is presently 17.52%.

Chubb Company 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.