Mitsubishi UFJ Asset Management UK Ltd. Sells 3,500 Shares of Chubb Limited $CB

Mitsubishi UFJ Asset Management UK Ltd. reduced its holdings in Chubb Limited (NYSE:CB) by 87.5% in the 4th quarter, Holdings Channel reports. The fund owned 500 shares of the financial services provider’s stock after selling 3,500 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Chubb were worth $156,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Spire Wealth Management boosted its position in shares of Chubb by 490.5% during the fourth quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock worth $2,689,000 after buying an additional 7,156 shares during the period. Chesley Taft & Associates LLC boosted its position in shares of Chubb by 7.4% during the fourth quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock worth $31,970,000 after buying an additional 7,043 shares during the period. Pallas Capital Advisors LLC boosted its position in shares of Chubb by 42.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock worth $4,446,000 after buying an additional 4,233 shares during the period. Caprock Group LLC acquired a new position in shares of Chubb during the third quarter worth about $3,123,000. Finally, waypoint wealth counsel boosted its position in shares of Chubb by 76.4% during the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock worth $1,285,000 after buying an additional 1,784 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CB shares. Weiss Ratings raised Chubb from a “buy (b+)” rating to a “buy (a-)” rating in a research report on Monday, April 27th. Bank of America reduced their price objective on Chubb from $286.00 to $271.00 and set an “underperform” rating for the company in a research report on Tuesday, April 14th. UBS Group reaffirmed a “neutral” rating and set a $340.00 price objective on shares of Chubb in a research report on Monday, February 9th. Mizuho reduced their price objective on Chubb from $336.00 to $335.00 and set a “neutral” rating for the company in a research report on Tuesday, April 14th. Finally, Keefe, Bruyette & Woods upped their price objective on Chubb from $373.00 to $374.00 and gave the stock an “outperform” rating in a research report on Thursday, April 23rd. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $349.33.

Chubb Stock Performance

Shares of NYSE CB opened at $330.20 on Wednesday. The stock has a 50 day moving average price of $326.19 and a 200 day moving average price of $315.00. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $128.07 billion, a PE ratio of 11.66, a price-to-earnings-growth ratio of 1.69 and a beta of 0.43.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, March 31st. The financial services provider reported $6.82 EPS for the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%.The firm had revenue of $14.93 billion during the quarter. Analysts predict that Chubb Limited will post 26.78 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 6th. Investors of record on Friday, March 13th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 annualized dividend and a yield of 1.2%. Chubb’s dividend payout ratio is 13.70%.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.