Nissay Asset Management Corp Japan ADV Sells 672 Shares of Chubb Limited (NYSE:CB)

Nissay Asset Management Corp Japan ADV cut its position in Chubb Limited (NYSE:CB) by 1.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 46,911 shares of the financial services provider’s stock after selling 672 shares during the period. Nissay Asset Management Corp Japan ADV’s holdings in Chubb were worth $13,026,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. Sierra Ocean LLC bought a new stake in shares of Chubb during the 4th quarter valued at $29,000. Crowley Wealth Management Inc. bought a new stake in shares of Chubb during the 4th quarter valued at $29,000. Strategic Financial Concepts LLC bought a new stake in shares of Chubb during the 4th quarter valued at $30,000. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Chubb by 254.3% during the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 124 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 89 shares during the period. Finally, Human Investing LLC bought a new stake in shares of Chubb during the 4th quarter valued at $36,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

Shares of CB opened at $282.11 on Thursday. Chubb Limited has a 1 year low of $251.42 and a 1 year high of $306.91. 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 company has a market capitalization of $113.05 billion, a price-to-earnings ratio of 12.42, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. The business has a 50-day moving average of $288.39 and a 200-day moving average of $280.63.

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

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.29%. Chubb’s dividend payout ratio is currently 17.52%.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the firm’s 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO George F. Ohsiek sold 763 shares of the firm’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 directly owns 20,044 shares of the company’s stock, valued at $5,820,978.04. This trade represents a 3.67% decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,470 shares of company stock valued at $18,562,730 over the last 90 days. Company insiders own 0.77% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Hsbc Global Res upgraded Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods lowered their price target on Chubb from $316.00 to $314.00 and set an “outperform” rating for the company in a report on Thursday, April 24th. Raymond James reissued a “strong-buy” rating on shares of Chubb in a report on Thursday, April 24th. JPMorgan Chase & Co. boosted their price target on Chubb from $300.00 to $307.00 and gave the stock a “neutral” rating in a report on Tuesday, April 8th. Finally, UBS Group boosted their price target on Chubb from $303.00 to $304.00 and gave the stock a “neutral” rating in a report on Monday, April 28th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $307.86.

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.