Mitsubishi UFJ Trust & Banking Corp Has $81.28 Million Stake in Chubb Limited $CB

Mitsubishi UFJ Trust & Banking Corp lifted its stake in Chubb Limited (NYSE:CB) by 22.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 280,558 shares of the financial services provider’s stock after acquiring an additional 50,506 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.07% of Chubb worth $81,283,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. GQG Partners LLC raised its position in shares of Chubb by 112.1% in the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock valued at $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Nuveen LLC acquired a new position in Chubb in the 1st quarter valued at $562,221,000. Ameriprise Financial Inc. grew its stake in Chubb by 6.9% in the 1st quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock valued at $1,418,398,000 after buying an additional 304,751 shares during the last quarter. Citigroup Inc. raised its holdings in Chubb by 79.0% in the 1st quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after acquiring an additional 278,697 shares during the period. Finally, AQR Capital Management LLC lifted its position in Chubb by 19.6% during the 1st quarter. AQR Capital Management LLC now owns 1,410,449 shares of the financial services provider’s stock worth $423,826,000 after acquiring an additional 231,404 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CB. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $309.00 price target on shares of Chubb in a research report on Monday, October 27th. Cantor Fitzgerald restated a “neutral” rating and set a $300.00 target price on shares of Chubb in a research note on Monday, October 27th. Keefe, Bruyette & Woods lifted their price target on Chubb from $333.00 to $335.00 and gave the stock an “outperform” rating in a research report on Thursday, October 23rd. Jefferies Financial Group upped their price target on Chubb from $297.00 to $302.00 and gave the stock a “hold” rating in a report on Thursday, October 23rd. Finally, Barclays raised their price objective on shares of Chubb from $298.00 to $310.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $307.79.

Insider Activity at Chubb

In related news, insider John J. Lupica sold 23,698 shares of the business’s stock in a transaction on Monday, October 27th. The stock was sold at an average price of $281.00, for a total value of $6,659,138.00. Following the sale, the insider owned 90,600 shares of the company’s stock, valued at $25,458,600. The trade was a 20.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.86% of the stock is owned by company insiders.

Chubb Trading Up 1.4%

Shares of Chubb stock opened at $292.30 on Wednesday. The company’s fifty day moving average price is $279.37 and its two-hundred day moving average price is $280.68. The firm has a market capitalization of $115.04 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 2.74 and a beta of 0.58. Chubb Limited has a 52-week low of $252.16 and a 52-week high of $306.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.27 and a quick ratio of 0.28.

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

Chubb Dividend Announcement

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

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.