Nisa Investment Advisors LLC Has $21.75 Million Stake in Chubb Ltd (CB)

Nisa Investment Advisors LLC lessened its stake in Chubb Ltd (NYSE:CB) by 2.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 155,251 shares of the financial services provider’s stock after selling 4,452 shares during the period. Nisa Investment Advisors LLC’s holdings in Chubb were worth $21,748,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Chubb by 1.1% in the third quarter. Vanguard Group Inc. now owns 37,280,448 shares of the financial services provider’s stock valued at $4,982,160,000 after buying an additional 417,887 shares during the last quarter. Vanguard Group Inc raised its holdings in shares of Chubb by 1.1% in the third quarter. Vanguard Group Inc now owns 37,280,448 shares of the financial services provider’s stock valued at $4,982,160,000 after buying an additional 417,887 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Chubb by 2.9% in the fourth quarter. BlackRock Inc. now owns 31,252,910 shares of the financial services provider’s stock valued at $4,037,250,000 after buying an additional 875,406 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Chubb by 29.9% in the fourth quarter. Bank of America Corp DE now owns 13,576,704 shares of the financial services provider’s stock valued at $1,753,839,000 after buying an additional 3,125,070 shares during the last quarter. Finally, WCM Investment Management LLC raised its holdings in shares of Chubb by 4.4% in the fourth quarter. WCM Investment Management LLC now owns 6,998,830 shares of the financial services provider’s stock valued at $904,109,000 after buying an additional 291,892 shares during the last quarter. Hedge funds and other institutional investors own 88.85% of the company’s stock.

A number of equities research analysts have recently commented on CB shares. Morgan Stanley cut shares of Chubb from an “overweight” rating to an “equal weight” rating in a report on Wednesday, April 17th. Zacks Investment Research lowered shares of Chubb from a “hold” rating to a “sell” rating in a research report on Wednesday, January 16th. Sandler O’Neill lowered shares of Chubb from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wells Fargo & Co set a $160.00 target price on shares of Chubb and gave the stock a “buy” rating in a research report on Friday, January 18th. Finally, Compass Point began coverage on shares of Chubb in a research report on Tuesday, January 15th. They set a “buy” rating and a $165.00 target price on the stock. Three research analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $151.00.

In other news, insider Paul J. Krump sold 3,450 shares of the firm’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 transaction, the insider now owns 139,160 shares of the company’s stock, valued at approximately $20,178,200. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider John J. Lupica sold 17,879 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $134.95, for a total transaction of $2,412,771.05. Following the sale, the insider now directly owns 192,265 shares of the company’s stock, valued at $25,946,161.75. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,766 shares of company stock worth $3,239,433. 0.47% of the stock is currently owned by insiders.

Shares of NYSE CB opened at $142.65 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.23. The company has a market cap of $65.37 billion, a P/E ratio of 15.11, a PEG ratio of 1.38 and a beta of 0.82. Chubb Ltd has a 1 year low of $119.54 and a 1 year high of $145.76.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, April 30th. The financial services provider reported $2.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.49 by $0.05. The company had revenue of $8.01 billion for the quarter, compared to the consensus estimate of $7.55 billion. Chubb had a net margin of 11.55% and a return on equity of 8.76%. During the same quarter last year, the firm posted $2.34 earnings per share. Sell-side analysts anticipate that Chubb Ltd will post 10.54 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.73 per share. This represents a $2.92 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, March 21st. Chubb’s dividend payout ratio is currently 30.93%.

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Chubb 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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