Pacer Advisors Inc. Purchases 14,588 Shares of Chubb Limited (NYSE:CB)

Pacer Advisors Inc. boosted its position in Chubb Limited (NYSE:CB) by 55.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,715 shares of the financial services provider’s stock after purchasing an additional 14,588 shares during the quarter. Pacer Advisors Inc.’s holdings in Chubb were worth $9,202,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. State Street Corp increased its position in shares of Chubb by 1.0% in the second quarter. State Street Corp now owns 18,670,426 shares of the financial services provider’s stock worth $3,610,928,000 after purchasing an additional 181,441 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Chubb by 0.8% in the 3rd quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock worth $3,855,996,000 after buying an additional 138,142 shares during the last quarter. Deutsche Bank AG raised its position in shares of Chubb by 426.8% during the 3rd quarter. Deutsche Bank AG now owns 16,119,520 shares of the financial services provider’s stock valued at $3,355,762,000 after buying an additional 13,059,385 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its holdings in shares of Chubb by 102,751.3% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 8,289,814 shares of the financial services provider’s stock worth $1,828,733,000 after acquiring an additional 8,281,754 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Chubb by 0.8% in the first quarter. Geode Capital Management LLC now owns 7,833,334 shares of the financial services provider’s stock worth $1,517,747,000 after acquiring an additional 60,630 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CB. Royal Bank of Canada raised their price objective on Chubb from $255.00 to $275.00 and gave the company an “outperform” rating in a report on Thursday, February 1st. UBS Group upped their price objective on shares of Chubb from $245.00 to $256.00 and gave the company a “neutral” rating in a research note on Monday, February 5th. The Goldman Sachs Group cut shares of Chubb from a “buy” rating to a “neutral” rating and set a $222.00 target price on the stock. in a research report on Monday, January 8th. HSBC initiated coverage on shares of Chubb in a research report on Thursday, December 28th. They set a “buy” rating and a $263.00 price target for the company. Finally, Citigroup reiterated a “neutral” rating and issued a $275.00 price objective (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Ten analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb presently has a consensus rating of “Moderate Buy” and an average price target of $255.06.

Chubb Price Performance

Shares of NYSE CB opened at $258.50 on Thursday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58. The company’s 50-day moving average is $249.27 and its 200 day moving average is $229.46. The stock has a market capitalization of $104.89 billion, a P/E ratio of 11.84, a P/E/G ratio of 1.21 and a beta of 0.62.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $3.23. Chubb had a return on equity of 16.45% and a net margin of 18.11%. The firm had revenue of $13.38 billion during the quarter, compared to analyst estimates of $12.88 billion. On average, sell-side analysts expect that Chubb Limited will post 21.16 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 15th will be issued a dividend of $0.86 per share. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Thursday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 15.76%.

Insider Transactions at Chubb

In related news, EVP Timothy Alan Boroughs sold 14,303 shares of Chubb stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $258.78, for a total transaction of $3,701,330.34. Following the completion of the transaction, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at approximately $9,228,612.36. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Timothy Alan Boroughs sold 14,303 shares of the stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $258.78, for a total value of $3,701,330.34. Following the sale, the executive vice president now directly owns 35,662 shares of the company’s stock, valued at $9,228,612.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider John J. Lupica sold 34,464 shares of Chubb stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of $258.92, for a total value of $8,923,418.88. Following the completion of the transaction, the insider now directly owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The disclosure for this sale can be found here. Insiders have sold 116,043 shares of company stock valued at $29,766,694 in the last three months. 0.37% of the stock is currently owned by company insiders.

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.