Chubb Limited (NYSE:CB) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in Chubb Limited (NYSE:CB - Free Report) by 0.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,326,176 shares of the financial services provider's stock after selling 14,498 shares during the quarter. Bank of New York Mellon Corp owned about 0.58% of Chubb worth $642,722,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CB. FMR LLC increased its stake in Chubb by 7.3% in the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its stake in Chubb by 49.7% in the third 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 period. Barclays PLC increased its stake in Chubb by 28.1% in the third 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 period. World Investment Advisors LLC increased its stake in Chubb by 8,398.0% in the third quarter. World Investment Advisors LLC now owns 274,740 shares of the financial services provider's stock valued at $79,232,000 after purchasing an additional 271,507 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Chubb by 259.6% in the fourth quarter. Nisa Investment Advisors LLC now owns 321,094 shares of the financial services provider's stock valued at $89,005,000 after purchasing an additional 231,791 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of NYSE CB traded up $3.65 on Friday, hitting $285.34. The company's stock had a trading volume of 2,528,712 shares, compared to its average volume of 1,706,331. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a market capitalization of $115.02 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock has a 50 day moving average of $271.02 and a 200-day moving average of $279.73.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate 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, research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm 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 dividend yield of 1.28%. The ex-dividend date is Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 16.02%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CB. JMP Securities reiterated a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a research note on Wednesday, January 29th. Barclays dropped their price target on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Finally, Wells Fargo & Company dropped their price target on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, Chubb currently has an average rating of "Hold" and an average price target of $295.73.

Chubb Company 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.