Robeco Institutional Asset Management B.V. Purchases 56,045 Shares of Chubb Limited (NYSE:CB)

Robeco Institutional Asset Management B.V. raised its position in Chubb Limited (NYSE:CB) by 8.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 683,340 shares of the financial services provider’s stock after acquiring an additional 56,045 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.17% of Chubb worth $188,807,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC raised its stake in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. bought a new stake in shares of Chubb during the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb during the 3rd quarter worth approximately $29,000. Raelipskie Partnership bought a new stake in shares of Chubb during the 3rd quarter worth approximately $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb during the 3rd quarter worth approximately $30,000. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of CB stock opened at $272.46 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a market cap of $109.83 billion, a P/E ratio of 11.16, a P/E/G ratio of 7.23 and a beta of 0.67. The business has a fifty day simple moving average of $275.77 and a 200 day simple moving average of $279.22.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 15.46% and a net margin of 18.32%. On average, sell-side analysts forecast that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.34%. Chubb’s dividend payout ratio is presently 14.91%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CB shares. Barclays dropped their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Keefe, Bruyette & Woods upped their price objective on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Jefferies Financial Group upped their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Morgan Stanley boosted their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Piper Sandler boosted their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $288.17.

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.