Mitsubishi UFJ Asset Management Co. Ltd. Has $216.53 Million Position in Chubb Limited $CB

Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of Chubb Limited (NYSE:CB) by 6.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 747,379 shares of the financial services provider’s stock after purchasing an additional 46,767 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.19% of Chubb worth $216,531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Brighton Jones LLC boosted its holdings in shares of Chubb by 12.8% during the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after acquiring an additional 221 shares in the last quarter. Revolve Wealth Partners LLC acquired a new position in Chubb in the 4th quarter worth about $205,000. Alps Advisors Inc. raised its position in Chubb by 1.1% in the first quarter. Alps Advisors Inc. now owns 20,042 shares of the financial services provider’s stock valued at $6,052,000 after purchasing an additional 220 shares during the last quarter. Financial Gravity Asset Management Inc. acquired a new stake in shares of Chubb during the first quarter valued at about $47,000. Finally, Cerity Partners LLC boosted its stake in shares of Chubb by 10.0% during the first quarter. Cerity Partners LLC now owns 285,888 shares of the financial services provider’s stock valued at $86,337,000 after purchasing an additional 25,936 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $287.45 on Friday. The firm has a 50 day moving average of $278.79 and a 200-day moving average of $280.64. The company has a market cap of $113.13 billion, a price-to-earnings ratio of 12.00, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. The company has a quick ratio of 0.28, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.51 by $1.98. The business had revenue of $14.87 billion for the quarter, compared to analyst estimates of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. During the same period in the prior year, the firm earned $5.72 earnings per share. Chubb’s revenue was up 7.5% on a year-over-year basis. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were given a dividend of $0.97 per share. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Friday, September 12th. Chubb’s dividend payout ratio is presently 16.19%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CB shares. Barclays raised their price objective on shares of Chubb from $298.00 to $310.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $333.00 to $335.00 and gave the company an “outperform” rating in a research note on Thursday, October 23rd. Evercore ISI lifted their price target on shares of Chubb from $312.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, October 1st. JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, October 22nd. Finally, Citigroup raised their target price on Chubb from $326.00 to $331.00 and gave the stock a “buy” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $307.79.

Insider Transactions at Chubb

In other Chubb news, insider John J. Lupica sold 23,698 shares of the company’s stock in a transaction on Monday, October 27th. The shares were sold at an average price of $281.00, for a total transaction of $6,659,138.00. Following the transaction, the insider owned 90,600 shares in the company, valued at approximately $25,458,600. This represents a 20.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.77% of the company’s stock.

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.