Chubb Limited (NYSE:CB) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. lowered its position in Chubb Limited (NYSE:CB - Free Report) by 44.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 57,789 shares of the financial services provider's stock after selling 45,335 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Chubb were worth $15,967,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. Continuum Advisory LLC raised its position in 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 valued at about $29,000. Raelipskie Partnership purchased a new position in Chubb in the third quarter valued at about $29,000. Sierra Ocean LLC purchased a new position in Chubb in the fourth quarter valued at about $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb in the third quarter valued at about $30,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Stock Up 2.0 %

Chubb stock traded up $5.91 during midday trading on Friday, hitting $294.46. The stock had a trading volume of 2,301,935 shares, compared to its average volume of 1,503,952. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $117.91 billion, a P/E ratio of 12.96, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The business has a fifty day moving average price of $273.60 and a 200 day moving average price of $280.86.

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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%. Research analysts predict 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. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.24%. Chubb's payout ratio is currently 16.02%.

Wall Street Analysts Forecast Growth

Several research firms have commented on CB. Wells Fargo & Company cut their price objective 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. Keefe, Bruyette & Woods raised their price objective on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. JMP Securities reissued a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chubb presently has a consensus rating of "Hold" and an average price target of $301.00.

Insider Buying and Selling at Chubb

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

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.