Camden National Bank Sells 1,084 Shares of Chubb Limited (NYSE:CB)

Camden National Bank reduced its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 2.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,598 shares of the financial services provider's stock after selling 1,084 shares during the quarter. Chubb makes up approximately 1.9% of Camden National Bank's investment portfolio, making the stock its 14th largest position. Camden National Bank's holdings in Chubb were worth $12,875,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Chubb during the 4th quarter valued at $1,158,897,000. FMR LLC raised its holdings in shares of 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 acquiring an additional 1,052,999 shares in the last quarter. Proficio Capital Partners LLC raised its holdings in shares of Chubb by 41,494.7% in the fourth quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider's stock valued at $224,566,000 after acquiring an additional 810,807 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec lifted 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 worth $338,070,000 after acquiring an additional 389,343 shares during the period. Finally, Barclays PLC grew its holdings in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after acquiring an additional 388,746 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Insider Transactions at Chubb

In other news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.86% of the company's stock.

Chubb Stock Up 0.1 %

CB stock opened at $286.52 on Friday. The stock has a market capitalization of $115.50 billion, a PE ratio of 12.61, a price-to-earnings-growth 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 company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $272.01 and a 200 day moving average of $280.24.

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Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating 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%. Sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend payout ratio is presently 16.02%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on CB shares. JMP Securities restated a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. increased their target price on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price target on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $299.27.

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.

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