Chubb Limited (NYSE:CB) Shares Sold by DnB Asset Management AS

DnB Asset Management AS decreased its position in shares of Chubb Limited (NYSE:CB - Free Report) by 11.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 495,001 shares of the financial services provider's stock after selling 66,533 shares during the period. Chubb makes up about 0.6% of DnB Asset Management AS's investment portfolio, making the stock its 26th largest position. DnB Asset Management AS owned 0.12% of Chubb worth $136,769,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Continuum Advisory LLC boosted its holdings in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb in the third quarter worth $29,000. Raelipskie Partnership purchased a new stake in Chubb in the third quarter valued at about $29,000. Sierra Ocean LLC purchased a new position in shares of Chubb in the 4th quarter valued at approximately $29,000. Finally, Crowley Wealth Management Inc. purchased a new position in shares of Chubb in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 12,231 shares of the business's stock in a transaction on Thursday, March 20th. The shares were sold at an average price of $294.82, for a total transaction of $3,605,943.42. Following the sale, the executive vice president now directly owns 78,422 shares in the company, valued at approximately $23,120,374.04. The trade was a 13.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the firm's stock in a transaction dated Tuesday, March 18th. The shares were sold at an average price of $296.12, for a total transaction of $4,367,177.76. Following the completion of the sale, the executive vice president now owns 29,194 shares of the company's stock, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 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.

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Chubb Trading Up 0.2 %

Shares of Chubb stock traded up $0.64 on Tuesday, reaching $302.63. The company had a trading volume of 515,450 shares, compared to its average volume of 1,595,379. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a market cap of $121.18 billion, a PE ratio of 13.33, a PEG ratio of 3.36 and a beta of 0.66. The firm's 50 day moving average price is $279.92 and its two-hundred day moving average price is $281.51. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $307.47.

Chubb (NYSE:CB - Get Free Report) last released its 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%. Sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced 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 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Friday, March 14th. Chubb's payout ratio is 16.02%.

Analysts Set New Price Targets

CB has been the subject of several research analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Wells Fargo & Company reduced 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. JMP Securities restated a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Finally, Barclays lowered their price objective on Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $303.14.

About Chubb

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.