Chubb Limited (NYSE:CB) Shares Sold by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC decreased its position in Chubb Limited (NYSE:CB - Free Report) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 78,667 shares of the financial services provider's stock after selling 2,380 shares during the quarter. Anchor Capital Advisors LLC's holdings in Chubb were worth $21,736,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. FMR LLC lifted its holdings in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock valued at $4,492,103,000 after acquiring an additional 1,052,999 shares during the last quarter. Barclays PLC lifted its stake in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its stake in shares of Chubb by 49.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider's stock valued at $338,070,000 after purchasing an additional 389,343 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Chubb by 0.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider's stock worth $266,940,000 after purchasing an additional 7,462 shares during the period. Finally, National Pension Service increased its position in shares of Chubb by 14.1% during the 3rd quarter. National Pension Service now owns 813,125 shares of the financial services provider's stock valued at $234,497,000 after purchasing an additional 100,470 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Up 1.5 %

Shares of NYSE:CB traded up $4.20 on Monday, reaching $289.68. The company had a trading volume of 341,464 shares, compared to its average volume of 1,670,991. 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 capitalization of $116.77 billion, a PE ratio of 12.75, a PEG ratio of 3.36 and a beta of 0.67. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The firm's 50 day simple moving average is $271.02 and its 200-day simple moving average is $279.87.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts' consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.26%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend payout ratio is currently 16.02%.

Analysts Set New Price Targets

A number of analysts recently issued reports on CB shares. Wells Fargo & Company lowered their price target on Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. JMP Securities restated a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their target price on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $295.73.

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.