Berkshire Asset Management LLC PA Sells 2,602 Shares of Chubb Limited (NYSE:CB)

Berkshire Asset Management LLC PA lowered its stake in Chubb Limited (NYSE:CB - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 130,606 shares of the financial services provider's stock after selling 2,602 shares during the quarter. Chubb comprises approximately 1.6% of Berkshire Asset Management LLC PA's holdings, making the stock its 27th largest holding. Berkshire Asset Management LLC PA's holdings in Chubb were worth $34,833,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in CB. Raymond James Financial Inc. acquired a new position in shares of Chubb in the 4th quarter valued at $1,158,897,000. FMR LLC raised its stake in Chubb by 7.3% during the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock worth $4,492,103,000 after buying an additional 1,052,999 shares during the period. Proficio Capital Partners LLC raised its stake in Chubb by 41,494.7% during the 4th quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider's stock worth $224,566,000 after buying an additional 810,807 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its stake in 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 worth $338,070,000 after buying an additional 389,343 shares during the period. Finally, Barclays PLC raised its stake 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 buying an additional 388,746 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

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Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Hsbc Global Res raised Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday. Keefe, Bruyette & Woods raised their price objective on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective on the stock in a research note on Wednesday. Finally, Barclays dropped their price objective on Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Chubb presently has a consensus rating of "Hold" and an average target price of $299.27.

Chubb Stock Up 0.1 %

Shares of NYSE CB traded up $0.23 during mid-day trading on Friday, hitting $286.52. The company had a trading volume of 1,259,899 shares, compared to its average volume of 1,700,705. The company has a market capitalization of $114.73 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.36 and a beta of 0.66. The firm has a 50-day simple moving average of $272.01 and a two-hundred day simple moving average of $280.30. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a one year low of $238.85 and a one year high of $302.05.

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 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 firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Friday, March 14th. Chubb's payout ratio is currently 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.