Allspring Global Investments Holdings LLC Has $12.83 Million Stake in Chubb Limited (NYSE:CB)

Allspring Global Investments Holdings LLC reduced its stake in Chubb Limited (NYSE:CB) by 19.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 56,789 shares of the financial services provider’s stock after selling 14,001 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Chubb were worth $12,834,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Fairfield Bush & CO. acquired a new stake in shares of Chubb in the first quarter valued at approximately $195,000. Roundview Capital LLC increased its stake in Chubb by 2.6% in the 1st quarter. Roundview Capital LLC now owns 4,165 shares of the financial services provider’s stock valued at $891,000 after buying an additional 106 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in Chubb by 59.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,029 shares of the financial services provider’s stock worth $648,000 after buying an additional 1,134 shares in the last quarter. Brighton Jones LLC boosted its stake in shares of Chubb by 18.7% during the 1st quarter. Brighton Jones LLC now owns 1,287 shares of the financial services provider’s stock worth $276,000 after buying an additional 203 shares during the last quarter. Finally, Baird Financial Group Inc. grew its holdings in shares of Chubb by 22.0% in the 1st quarter. Baird Financial Group Inc. now owns 154,794 shares of the financial services provider’s stock valued at $33,110,000 after acquiring an additional 27,926 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

CB opened at $244.44 on Tuesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market capitalization of $99.24 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. The business has a fifty day simple moving average of $252.55 and a 200 day simple moving average of $233.47. Chubb Limited has a 1 year low of $183.71 and a 1 year high of $260.58.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating the consensus estimate of $5.07 by $3.23. Chubb had a net margin of 18.11% and a return on equity of 16.45%. The business had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Research analysts expect that Chubb Limited will post 21.15 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were issued a dividend of $0.86 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.44 annualized dividend and a dividend yield of 1.41%. Chubb’s dividend payout ratio is presently 15.76%.

Insider Activity

In related news, EVP Timothy Alan Boroughs sold 33,150 shares of the stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the sale, the executive vice president now owns 50,486 shares of the company’s stock, valued at $12,879,483.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, insider John J. Lupica sold 34,464 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of $258.92, for a total transaction of $8,923,418.88. Following the completion of the sale, the insider now owns 130,937 shares of the company’s stock, valued at approximately $33,902,208.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Timothy Alan Boroughs sold 33,150 shares of Chubb stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 116,043 shares of company stock worth $29,766,694. Corporate insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CB. BMO Capital Markets increased their price target on Chubb from $220.00 to $240.00 and gave the company a “market perform” rating in a research report on Monday, February 5th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $275.00 to $297.00 and gave the stock an “outperform” rating in a report on Wednesday, April 10th. UBS Group increased their price target 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. Roth Mkm boosted their price objective on shares of Chubb from $260.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 31st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $280.00 target price on shares of Chubb in a report on Monday. Nine research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $266.37.

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.