iA Global Asset Management Inc. Buys Shares of 1,920 Chubb Limited $CB

iA Global Asset Management Inc. bought a new stake in Chubb Limited (NYSE:CB) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,920 shares of the financial services provider’s stock, valued at approximately $599,000.

Other institutional investors also recently bought and sold shares of the company. Spire Wealth Management lifted its stake in shares of Chubb by 490.5% during the fourth quarter. Spire Wealth Management now owns 8,615 shares of the financial services provider’s stock worth $2,689,000 after buying an additional 7,156 shares during the period. Chesley Taft & Associates LLC lifted its position in Chubb by 7.4% during the fourth quarter. Chesley Taft & Associates LLC now owns 102,427 shares of the financial services provider’s stock valued at $31,970,000 after purchasing an additional 7,043 shares during the period. Pallas Capital Advisors LLC lifted its position in Chubb by 42.3% during the fourth quarter. Pallas Capital Advisors LLC now owns 14,243 shares of the financial services provider’s stock valued at $4,446,000 after purchasing an additional 4,233 shares during the period. Caprock Group LLC acquired a new position in Chubb during the third quarter valued at $3,123,000. Finally, waypoint wealth counsel lifted its position in Chubb by 76.4% during the fourth quarter. waypoint wealth counsel now owns 4,118 shares of the financial services provider’s stock valued at $1,285,000 after purchasing an additional 1,784 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CB has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Chubb from $304.00 to $330.00 and gave the company a “hold” rating in a research report on Monday, March 23rd. Roth Mkm boosted their target price on shares of Chubb from $330.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, February 4th. UBS Group restated a “neutral” rating and set a $340.00 target price on shares of Chubb in a research report on Monday, February 9th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $315.00 price objective on shares of Chubb in a report on Wednesday, April 22nd. Finally, Evercore lifted their price objective on shares of Chubb from $347.00 to $349.00 and gave the company an “outperform” rating in a report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $349.33.

Insiders Place Their Bets

In related news, Director Olivier Steimer sold 2,000 shares of the stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $329.30, for a total value of $658,600.00. Following the completion of the transaction, the director directly owned 25,468 shares in the company, valued at approximately $8,386,612.40. This represents a 7.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.37% of the company’s stock.

Chubb Stock Performance

NYSE CB opened at $330.36 on Tuesday. The stock’s fifty day moving average is $326.15 and its two-hundred day moving average is $314.63. The firm has a market capitalization of $128.13 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 1.66 and a beta of 0.43. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a fifty-two week low of $264.10 and a fifty-two week high of $345.67.

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

Chubb Announces Dividend

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

About Chubb

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.