Sumitomo Mitsui Trust Holdings Inc. Sells 25,681 Shares of Chubb Limited (NYSE:CB)

Sumitomo Mitsui Trust Holdings Inc. lessened its position in shares of Chubb Limited (NYSE:CB) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,168,718 shares of the financial services provider’s stock after selling 25,681 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.29% of Chubb worth $264,130,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Americana Partners LLC purchased a new position in Chubb in the 3rd quarter worth approximately $292,000. Lazard Asset Management LLC grew its stake in Chubb by 978.1% in the 3rd quarter. Lazard Asset Management LLC now owns 546,556 shares of the financial services provider’s stock worth $113,781,000 after buying an additional 495,860 shares in the last quarter. Alphinity Investment Management Pty Ltd grew its stake in Chubb by 155.8% in the 4th quarter. Alphinity Investment Management Pty Ltd now owns 532,015 shares of the financial services provider’s stock worth $120,235,000 after buying an additional 324,019 shares in the last quarter. BKM Wealth Management LLC purchased a new position in Chubb in the 4th quarter worth approximately $1,403,000. Finally, Royal Bank of Canada grew its stake in Chubb by 14.1% in the 3rd quarter. Royal Bank of Canada now owns 1,550,856 shares of the financial services provider’s stock worth $322,857,000 after buying an additional 191,317 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Insider Buying and Selling

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated Thursday, February 1st. The shares were 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 in the company, valued at approximately $1,495,969.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider John J. Lupica sold 34,464 shares of the stock in a transaction dated Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares in the company, valued at approximately $33,902,208.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The disclosure for this sale can be found here. Insiders sold a total of 116,043 shares of company stock worth $29,766,694 in the last three months. 0.86% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have commented on CB. Piper Sandler reissued an “overweight” rating and issued a $282.00 price target on shares of Chubb in a research note on Monday, April 1st. UBS Group upped their price objective on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. Raymond James upped their price objective on shares of Chubb from $270.00 to $285.00 and gave the company a “strong-buy” rating in a research note on Thursday, February 1st. Royal Bank of Canada upped their price objective on shares of Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a research note on Thursday, February 1st. Finally, JMP Securities upped their price objective on shares of Chubb from $250.00 to $280.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 31st. Nine analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $264.58.

Chubb Stock Up 0.5 %

Shares of NYSE CB opened at $245.81 on Monday. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.20. Chubb Limited has a 12 month low of $183.71 and a 12 month high of $260.58. The firm has a market capitalization of $99.80 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The firm has a fifty day simple moving average of $252.64 and a two-hundred day simple moving average of $233.25.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The business had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. Equities analysts expect that Chubb Limited will post 21.15 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.40%. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

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.