Los Angeles Capital Management LLC Sells 170,638 Shares of Chubb Limited (NYSE:CB)

Los Angeles Capital Management LLC lowered its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 92.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,982 shares of the financial services provider's stock after selling 170,638 shares during the quarter. Los Angeles Capital Management LLC's holdings in Chubb were worth $3,587,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. FMR LLC grew its stake in 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 purchasing an additional 1,052,999 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Chubb by 49.7% during 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 buying an additional 389,343 shares during the last quarter. Barclays PLC lifted its position in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after buying an additional 388,746 shares during the last quarter. World Investment Advisors LLC lifted its position in shares of Chubb by 8,398.0% during the 3rd quarter. World Investment Advisors LLC now owns 274,740 shares of the financial services provider's stock valued at $79,232,000 after buying an additional 271,507 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of Chubb by 259.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 321,094 shares of the financial services provider's stock valued at $89,005,000 after acquiring an additional 231,791 shares in the last quarter. Institutional investors own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on CB. JMP Securities reiterated a "market outperform" rating and set a $325.00 price objective 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 price objective on shares of Chubb in a report on Thursday, January 30th. JPMorgan Chase & Co. raised their target price on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research note 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 research note on Monday, January 6th. Finally, Wells Fargo & Company lowered 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $295.73.

Chubb Trading Up 1.3 %

Shares of CB stock traded up $3.65 on Friday, hitting $285.34. The stock had a trading volume of 2,528,712 shares, compared to its average volume of 1,706,331. 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 $115.02 billion, a P/E ratio of 12.56, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company's 50 day moving average price is $271.02 and its 200-day moving average price is $279.87.

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

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, March 14th. Chubb's dividend payout ratio is presently 16.02%.

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.