Sumitomo Mitsui Trust Holdings Inc. Has $299.27 Million Position in Chubb Limited (NYSE:CB)

Sumitomo Mitsui Trust Holdings Inc. lowered its position in shares of Chubb Limited (NYSE:CB) by 1.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,154,916 shares of the financial services provider’s stock after selling 13,802 shares during the quarter. Sumitomo Mitsui Trust Holdings Inc. owned approximately 0.28% of Chubb worth $299,273,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP increased its stake in shares of Chubb by 0.8% in the third quarter. Wellington Management Group LLP now owns 18,522,413 shares of the financial services provider’s stock valued at $3,855,996,000 after buying an additional 138,142 shares in the last quarter. Capital World Investors increased its position in Chubb by 0.4% in the 4th quarter. Capital World Investors now owns 10,311,415 shares of the financial services provider’s stock valued at $2,330,272,000 after acquiring an additional 43,845 shares in the last quarter. Norges Bank bought a new position in shares of Chubb in the fourth quarter worth about $957,756,000. Raymond James & Associates lifted its position in shares of Chubb by 2.6% during the fourth quarter. Raymond James & Associates now owns 3,103,101 shares of the financial services provider’s stock worth $701,301,000 after purchasing an additional 77,453 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board grew its stake in shares of Chubb by 0.9% during the fourth quarter. Ontario Teachers Pension Plan Board now owns 2,698,582 shares of the financial services provider’s stock valued at $609,880,000 after purchasing an additional 24,323 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several recent research reports. Roth Mkm restated a “buy” rating and issued a $280.00 price target on shares of Chubb in a research report on Wednesday, April 24th. Morgan Stanley boosted their target price on Chubb from $258.00 to $260.00 and gave the stock an “equal weight” rating in a research report on Monday, April 15th. Keefe, Bruyette & Woods cut their price target on shares of Chubb from $297.00 to $294.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th. Citigroup restated a “neutral” rating and set a $275.00 price objective (up previously from $238.00) on shares of Chubb in a report on Thursday, March 14th. Finally, Evercore ISI lifted their price target on shares of Chubb from $270.00 to $281.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $266.70.

Chubb Stock Performance

Shares of CB opened at $253.77 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The firm has a 50-day moving average of $259.48 and a 200-day moving average of $249.28. The company has a market cap of $103.05 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 6.16 and a beta of 0.66. Chubb Limited has a one year low of $186.52 and a one year high of $275.41.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, April 23rd. The financial services provider reported $5.41 earnings per share for the quarter, beating the consensus estimate of $5.29 by $0.12. Chubb had a net margin of 17.99% and a return on equity of 16.29%. The company had revenue of $12.22 billion for the quarter, compared to analyst estimates of $11.75 billion. During the same period in the prior year, the firm earned $4.41 earnings per share. The company’s revenue was up 14.1% on a year-over-year basis. As a group, equities analysts forecast that Chubb Limited will post 21.03 earnings per share for the current year.

Chubb Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 14th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.43%. This is a positive change from Chubb’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend is Friday, June 14th. Chubb’s dividend payout ratio (DPR) is currently 16.16%.

Insider Activity at Chubb

In other Chubb news, CAO Annmarie T. Hagan sold 1,529 shares of the stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $263.81, for a total transaction of $403,365.49. Following the sale, the chief accounting officer now directly owns 7,718 shares in the company, valued at $2,036,085.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, COO John W. Keogh sold 34,707 shares of the firm’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $251.98, for a total value of $8,745,469.86. Following the sale, the chief operating officer now directly owns 284,136 shares of the company’s stock, valued at $71,596,589.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Annmarie T. Hagan sold 1,529 shares of Chubb stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $263.81, for a total value of $403,365.49. Following the completion of the transaction, the chief accounting officer now owns 7,718 shares in the company, valued at approximately $2,036,085.58. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 47,552 shares of company stock worth $12,149,985. Company insiders own 0.86% of the company’s stock.

Chubb 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.