Connor Clark & Lunn Investment Management Ltd. Sells 45,335 Shares of Chubb Limited (NYSE:CB)

Connor Clark & Lunn Investment Management Ltd. lowered its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 44.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CB. Continuum Advisory LLC raised its position in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after purchasing an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb in the 3rd quarter worth $29,000. Raelipskie Partnership purchased a new position in Chubb in the 3rd quarter worth $29,000. Sierra Ocean LLC purchased a new position in Chubb in the 4th quarter worth $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb in the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Up 2.0 %

NYSE CB traded up $5.91 during trading hours on Friday, reaching $294.46. 2,301,935 shares of the company's stock traded hands, compared to its average volume of 1,503,952. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The firm has a market cap of $117.91 billion, a PE ratio of 12.96, a PEG ratio of 3.36 and a beta of 0.66. The firm has a 50-day simple moving average of $273.60 and a 200 day simple moving average of $280.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

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Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating 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 anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

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 given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.24%. Chubb's dividend payout ratio (DPR) is currently 16.02%.

Analyst Ratings Changes

CB has been the topic of a number of analyst reports. JMP Securities reiterated a "market outperform" rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Barclays cut their price target on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Chubb has an average rating of "Hold" and a consensus target price of $301.00.

Insider Activity at Chubb

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total transaction of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at $170,321,922.75. This trade represents a 4.22 % 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 corporate insiders.

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.