Norinchukin Bank The Increases Position in Chubb Limited (NYSE:CB)

Norinchukin Bank The grew its holdings in shares of Chubb Limited (NYSE:CB) by 10.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 17,271 shares of the financial services provider’s stock after purchasing an additional 1,595 shares during the period. Norinchukin Bank The’s holdings in Chubb were worth $4,772,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Sierra Ocean LLC purchased a new position in Chubb during the fourth quarter valued at $29,000. Crowley Wealth Management Inc. bought a new position in shares of Chubb during the fourth quarter valued at $29,000. Strategic Financial Concepts LLC bought a new position in shares of Chubb during the fourth quarter valued at $30,000. Human Investing LLC purchased a new position in shares of Chubb in the 4th quarter worth about $36,000. Finally, Mainstream Capital Management LLC bought a new position in Chubb in the 4th quarter worth about $37,000. 83.81% of the stock is owned by institutional investors.

Insider Activity at Chubb

In other Chubb news, EVP Timothy Alan Boroughs sold 14,748 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the sale, the executive vice president now directly owns 29,194 shares in the company, valued at $8,644,927.28. This represents a 33.56 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Joseph F. Wayland sold 12,231 shares of Chubb stock in a transaction that occurred on Thursday, March 20th. The stock was sold at an average price of $294.82, for a total value of $3,605,943.42. Following the completion of the transaction, the executive vice president now owns 78,422 shares of the company’s stock, valued at approximately $23,120,374.04. This trade represents a 13.49 % decrease in their position. 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 over the last 90 days. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Performance

Shares of NYSE CB opened at $285.29 on Friday. The company has a market cap of $114.31 billion, a P/E ratio of 12.56, a P/E/G ratio of 3.36 and a beta of 0.47. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $306.91. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm’s fifty day moving average is $284.62 and its two-hundred day moving average is $281.13.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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%. As a group, analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CB shares. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Keefe, Bruyette & Woods decreased their price objective on shares of Chubb from $329.00 to $316.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. UBS Group increased their target price on Chubb from $298.00 to $303.00 and gave the company a “neutral” rating in a research note on Wednesday, April 9th. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price for the company in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. upped their price target on Chubb from $300.00 to $307.00 and gave the company a “neutral” rating in a report on Tuesday, April 8th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average price target of $307.21.

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.