Chubb Limited (NYSE:CB) Stake Lowered by Cannell & Spears LLC

Cannell & Spears LLC cut its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 8.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 311,060 shares of the financial services provider's stock after selling 30,100 shares during the period. Chubb makes up 1.8% of Cannell & Spears LLC's holdings, making the stock its 9th biggest holding. Cannell & Spears LLC owned approximately 0.08% of Chubb worth $85,946,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Alliancebernstein L.P. boosted its holdings in Chubb by 130.0% during the 4th quarter. Alliancebernstein L.P. now owns 956,522 shares of the financial services provider's stock valued at $264,287,000 after acquiring an additional 540,554 shares during the period. Bedell Frazier Investment Counselling LLC lifted its position in shares of Chubb by 8.3% during the fourth quarter. Bedell Frazier Investment Counselling LLC now owns 2,220 shares of the financial services provider's stock worth $613,000 after purchasing an additional 170 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in shares of Chubb by 21.6% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 900 shares of the financial services provider's stock valued at $249,000 after purchasing an additional 160 shares during the period. Hazlett Burt & Watson Inc. grew its holdings in shares of Chubb by 8.8% in the fourth quarter. Hazlett Burt & Watson Inc. now owns 667 shares of the financial services provider's stock valued at $185,000 after purchasing an additional 54 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in shares of Chubb by 10.5% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 67,235 shares of the financial services provider's stock valued at $18,577,000 after purchasing an additional 6,366 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JMP Securities reissued a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Wells Fargo & Company decreased their price objective on Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Finally, Barclays cut their target price 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. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chubb presently has a consensus rating of "Hold" and a consensus target price of $303.14.

Insider Buying and Selling at Chubb

In other news, EVP Joseph F. Wayland sold 10,000 shares of the business's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the transaction, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock valued at $18,562,730 in the last ninety days. Insiders own 0.86% of the company's stock.

Chubb Stock Performance

Shares of CB stock traded up $0.62 during trading hours on Wednesday, hitting $302.02. The stock had a trading volume of 1,534,179 shares, compared to its average volume of 1,602,121. 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 firm has a market capitalization of $120.93 billion, a PE ratio of 13.29, a PEG ratio of 3.36 and a beta of 0.66. The stock's 50 day moving average is $280.57 and its 200 day moving average is $281.60. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $304.34.

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

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend payout ratio (DPR) is presently 16.02%.

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.