Todd Asset Management LLC Has $80.73 Million Stock Holdings in Chubb Limited $CB

Todd Asset Management LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 37.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 258,656 shares of the financial services provider’s stock after buying an additional 70,943 shares during the period. Chubb makes up about 1.6% of Todd Asset Management LLC’s portfolio, making the stock its 5th biggest holding. Todd Asset Management LLC’s holdings in Chubb were worth $80,734,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. First National Trust Co boosted its stake in Chubb by 1.3% during the fourth quarter. First National Trust Co now owns 6,948 shares of the financial services provider’s stock valued at $2,169,000 after buying an additional 92 shares during the last quarter. Swedbank AB lifted its stake in shares of Chubb by 3.0% in the 4th quarter. Swedbank AB now owns 253,655 shares of the financial services provider’s stock valued at $79,174,000 after purchasing an additional 7,443 shares during the last quarter. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Chubb in the 4th quarter valued at approximately $49,000. Prospera Financial Services Inc lifted its stake in shares of Chubb by 0.8% in the 4th quarter. Prospera Financial Services Inc now owns 27,625 shares of the financial services provider’s stock valued at $8,624,000 after purchasing an additional 216 shares during the last quarter. Finally, Catalyst Funds Management Pty Ltd lifted its stake in shares of Chubb by 246.7% in the 4th quarter. Catalyst Funds Management Pty Ltd now owns 5,200 shares of the financial services provider’s stock valued at $1,623,000 after purchasing an additional 3,700 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Chubb news, Director Olivier Steimer sold 2,000 shares of Chubb stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $329.30, for a total transaction of $658,600.00. Following the completion of the sale, the director owned 25,468 shares of the company’s stock, valued at approximately $8,386,612.40. The trade was a 7.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.37% of the company’s stock.

Chubb Trading Up 0.0%

CB opened at $328.03 on Monday. The stock’s fifty day moving average is $326.50 and its two-hundred day moving average is $316.08. The company has a market capitalization of $127.23 billion, a P/E ratio of 11.58, a PEG ratio of 1.68 and a beta of 0.43. Chubb Limited has a 52 week low of $264.10 and a 52 week high of $345.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.20.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, March 31st. The financial services provider reported $6.82 earnings per share for the quarter. The firm had revenue of $14.93 billion during the quarter. Chubb had a return on equity of 14.30% and a net margin of 18.58%. Analysts forecast that Chubb Limited will post 26.78 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 6th. Shareholders of record on Friday, March 13th were given a dividend of $0.97 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $3.88 dividend on an annualized basis and a yield of 1.2%. Chubb’s payout ratio is currently 13.70%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on Chubb from $330.00 to $340.00 and gave the company a “neutral” rating in a research note on Monday, April 20th. Citizens Jmp raised their price objective on Chubb from $350.00 to $365.00 and gave the company a “market outperform” rating in a research note on Wednesday, April 22nd. Wolfe Research raised their price objective on Chubb from $372.00 to $373.00 and gave the company an “outperform” rating in a research note on Monday, April 6th. The Goldman Sachs Group raised their price objective on Chubb from $368.00 to $372.00 and gave the company a “buy” rating in a research note on Tuesday, April 7th. Finally, Raymond James Financial raised their price objective on Chubb from $340.00 to $380.00 and gave the company a “strong-buy” rating in a research note on Monday, February 9th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $349.33.

Chubb Profile

Chubb is a global property and casualty insurance company that underwrites a broad range of commercial and personal insurance products and related services. Its offerings include commercial property and casualty coverage, specialty liability, professional and management liability, cyber and technology insurance, marine and energy, surety, accident and health solutions, and high-net-worth personal lines such as homeowners, auto and valuables protection. Chubb serves businesses, individuals and institutions with tailored underwriting and risk-transfer solutions across multiple industry sectors.

In addition to core underwriting, Chubb provides risk engineering, loss control, claims management and risk consulting services intended to reduce loss severity and help clients manage exposures.