Mitsubishi UFJ Asset Management Co. Ltd. Acquires 47,315 Shares of Chubb Limited (NYSE:CB)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Chubb Limited (NYSE:CB) by 8.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 617,920 shares of the financial services provider’s stock after purchasing an additional 47,315 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.15% of Chubb worth $167,907,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Larson Financial Group LLC raised its stake in shares of Chubb by 146.7% in the 3rd quarter. Larson Financial Group LLC now owns 565 shares of the financial services provider’s stock valued at $163,000 after purchasing an additional 336 shares during the period. Truvestments Capital LLC acquired a new stake in Chubb in the 3rd quarter valued at approximately $30,000. Townsquare Capital LLC lifted its stake in Chubb by 37.1% in the 3rd quarter. Townsquare Capital LLC now owns 9,274 shares of the financial services provider’s stock valued at $2,675,000 after acquiring an additional 2,511 shares in the last quarter. CreativeOne Wealth LLC acquired a new position in Chubb during the 3rd quarter worth approximately $266,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Chubb by 1.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 171,931 shares of the financial services provider’s stock worth $49,583,000 after acquiring an additional 2,567 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Royal Bank of Canada restated an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a research note on Wednesday, March 5th. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. JPMorgan Chase & Co. increased their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $301.00.

Chubb Price Performance

Shares of CB opened at $298.71 on Friday. The company’s 50-day moving average is $278.72 and its 200-day moving average is $281.47. 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 firm has a market capitalization of $119.61 billion, a PE ratio of 13.15, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05.

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

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.22%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Insider Buying and Selling at Chubb

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of Chubb stock in a transaction that occurred on Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total value of $4,367,177.76. Following the completion of the sale, the executive vice president now directly owns 29,194 shares in the company, valued at approximately $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO George F. Ohsiek sold 763 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares of the company’s stock, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock valued at $18,562,730 in the last ninety days. 0.86% of the stock is currently owned by corporate insiders.

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.