Groupama Asset Managment Has $7.47 Million Holdings in Chubb Limited (NYSE:CB)

Groupama Asset Managment trimmed its holdings in Chubb Limited (NYSE:CB) by 42.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 27,124 shares of the financial services provider’s stock after selling 19,987 shares during the quarter. Groupama Asset Managment’s holdings in Chubb were worth $7,470,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. May Hill Capital LLC bought a new stake in Chubb in the 4th quarter valued at $254,000. Nemes Rush Group LLC raised its position in shares of Chubb by 5.8% during the fourth quarter. Nemes Rush Group LLC now owns 57,919 shares of the financial services provider’s stock valued at $16,003,000 after buying an additional 3,190 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Chubb by 130.0% in the fourth quarter. Alliancebernstein L.P. now owns 956,522 shares of the financial services provider’s stock valued at $264,287,000 after buying an additional 540,554 shares during the period. Bedell Frazier Investment Counselling LLC grew its position in Chubb by 8.3% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 2,220 shares of the financial services provider’s stock worth $613,000 after buying an additional 170 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. increased its stake in Chubb by 21.6% during the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 900 shares of the financial services provider’s stock valued at $249,000 after acquiring an additional 160 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Piper Sandler raised their target price on Chubb from $310.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. JMP Securities restated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Finally, HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average target price of $303.14.

Insiders Place Their Bets

In other news, EVP Timothy Alan Boroughs sold 14,748 shares of the business’s stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. The trade was a 33.56 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO George F. Ohsiek sold 763 shares of the company’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the transaction, the chief accounting officer now directly owns 20,044 shares in the company, valued at $5,820,978.04. This trade represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 63,470 shares of company stock valued at $18,562,730 in the last 90 days. 0.86% of the stock is currently owned by insiders.

Chubb Stock Performance

NYSE CB opened at $301.54 on Wednesday. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $304.34. The company has a 50 day moving average of $280.57 and a 200-day moving average of $281.60. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market cap of $120.74 billion, a price-to-earnings ratio of 13.27, a PEG ratio of 3.36 and a beta of 0.66.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.21%. Chubb’s dividend payout ratio (DPR) is 16.02%.

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.