Chubb Limited (NYSE:CB) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 3.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,989 shares of the financial services provider's stock after selling 2,894 shares during the quarter. Amalgamated Bank's holdings in Chubb were worth $20,719,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP grew its stake in shares of Chubb by 9.0% in the third quarter. Allworth Financial LP now owns 9,923 shares of the financial services provider's stock valued at $2,862,000 after buying an additional 823 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Chubb by 3.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,531 shares of the financial services provider's stock valued at $11,157,000 after acquiring an additional 1,112 shares in the last quarter. Arkadios Wealth Advisors raised its stake in shares of Chubb by 58.1% during the third quarter. Arkadios Wealth Advisors now owns 2,658 shares of the financial services provider's stock valued at $766,000 after purchasing an additional 977 shares during the period. PFG Investments LLC lifted its position in shares of Chubb by 3.9% during the third quarter. PFG Investments LLC now owns 2,369 shares of the financial services provider's stock worth $683,000 after purchasing an additional 90 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its position in shares of Chubb by 13.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 354,484 shares of the financial services provider's stock worth $102,230,000 after purchasing an additional 41,713 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CB has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on shares of Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Royal Bank of Canada reiterated an "outperform" rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Barclays lowered their price objective 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 cut their target price on Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $295.73.

Chubb Stock Performance

Shares of NYSE:CB traded up $3.65 during trading on Friday, reaching $285.34. 2,528,712 shares of the company's stock traded hands, 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 company has a 50 day moving average of $270.77 and a 200-day moving average of $279.61. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The stock has a market capitalization of $115.02 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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%. On average, equities analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

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