National Asset Management Inc. increased its stake in Chubb Ltd (NYSE:CB) by 3.9% in the 1st quarter, Holdings Channel reports. The firm owned 8,463 shares of the financial services provider’s stock after purchasing an additional 316 shares during the period. National Asset Management Inc.’s holdings in Chubb were worth $1,187,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc lifted its holdings in shares of Chubb by 1.1% during the third quarter. Vanguard Group Inc now owns 37,280,448 shares of the financial services provider’s stock worth $4,982,160,000 after buying an additional 417,887 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Chubb by 2.9% during the fourth quarter. BlackRock Inc. now owns 31,252,910 shares of the financial services provider’s stock worth $4,037,250,000 after buying an additional 875,406 shares during the last quarter. Bank of America Corp DE lifted its holdings in shares of Chubb by 29.9% during the fourth quarter. Bank of America Corp DE now owns 13,576,704 shares of the financial services provider’s stock worth $1,753,839,000 after buying an additional 3,125,070 shares during the last quarter. WCM Investment Management LLC lifted its holdings in shares of Chubb by 4.4% during the fourth quarter. WCM Investment Management LLC now owns 6,998,830 shares of the financial services provider’s stock worth $904,109,000 after buying an additional 291,892 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in shares of Chubb by 12,660.2% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 6,509,251 shares of the financial services provider’s stock worth $50,000 after buying an additional 6,458,239 shares during the last quarter. Hedge funds and other institutional investors own 88.96% of the company’s stock.

In other Chubb news, insider John J. Lupica sold 17,879 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $134.95, for a total value of $2,412,771.05. Following the sale, the insider now directly owns 192,265 shares in the company, valued at $25,946,161.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Paul J. Krump sold 3,450 shares of the company’s stock in a transaction on Tuesday, April 30th. The shares were sold at an average price of $145.00, for a total value of $500,250.00. Following the completion of the sale, the insider now owns 139,160 shares in the company, valued at $20,178,200. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,329 shares of company stock worth $3,196,761. 0.47% of the stock is currently owned by company insiders.

A number of research analysts have recently commented on CB shares. Zacks Investment Research upgraded Chubb from a “sell” rating to a “hold” rating in a report on Tuesday, May 14th. Morgan Stanley lowered Chubb from an “overweight” rating to an “equal weight” rating in a report on Wednesday, April 17th. Sandler O’Neill lowered Chubb from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Raymond James lowered their price objective on Chubb from $160.00 to $150.00 and set an “outperform” rating on the stock in a research report on Monday, February 11th. Finally, Wells Fargo & Co restated a “buy” rating and set a $157.00 price objective on shares of Chubb in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $150.67.

CB opened at $146.21 on Wednesday. The company has a market cap of $66.39 billion, a PE ratio of 15.49, a PEG ratio of 1.38 and a beta of 0.82. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. Chubb Ltd has a 1 year low of $119.54 and a 1 year high of $146.65.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.49 by $0.05. The business had revenue of $8.01 billion for the quarter, compared to analysts’ expectations of $7.55 billion. Chubb had a return on equity of 8.76% and a net margin of 11.55%. During the same period in the previous year, the business posted $2.34 earnings per share. As a group, research analysts predict that Chubb Ltd will post 10.53 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Friday, June 21st will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, June 20th. This is a boost from Chubb’s previous quarterly dividend of $0.73. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.05%. Chubb’s payout ratio is currently 30.93%.

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Chubb Company Profile

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. The company's North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; professional lines, marine, construction, environmental, medical, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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