Cullen Frost Bankers Inc. Sells 1,047 Shares of Chubb Limited (NYSE:CB)

Cullen Frost Bankers Inc. decreased its position in Chubb Limited (NYSE:CB - Free Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,746 shares of the financial services provider's stock after selling 1,047 shares during the quarter. Cullen Frost Bankers Inc.'s holdings in Chubb were worth $22,587,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Arizona State Retirement System increased its position in shares of Chubb by 0.3% during the fourth quarter. Arizona State Retirement System now owns 110,902 shares of the financial services provider's stock valued at $30,642,000 after acquiring an additional 295 shares during the last quarter. Sound Financial Strategies Group LLC grew its stake in Chubb by 12.8% in the 4th quarter. Sound Financial Strategies Group LLC now owns 3,205 shares of the financial services provider's stock valued at $886,000 after purchasing an additional 363 shares during the period. Aigen Investment Management LP purchased a new stake in shares of Chubb during the 4th quarter valued at $262,000. Proficio Capital Partners LLC raised its stake in shares of Chubb by 50.6% during the 4th quarter. Proficio Capital Partners LLC now owns 2,942 shares of the financial services provider's stock worth $813,000 after purchasing an additional 988 shares during the period. Finally, SPC Financial Inc. boosted its holdings in shares of Chubb by 0.3% in the 4th quarter. SPC Financial Inc. now owns 14,908 shares of the financial services provider's stock worth $4,119,000 after buying an additional 44 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

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Chubb Price Performance

CB stock traded up $0.23 during midday trading on Friday, reaching $286.52. The company had a trading volume of 1,259,899 shares, compared to its average volume of 1,700,705. The firm has a 50-day moving average price of $272.01 and a 200-day moving average price of $280.24. The company has a market capitalization of $115.50 billion, a P/E ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders 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 annualized dividend and a dividend yield of 1.27%. Chubb's dividend payout ratio (DPR) is presently 16.02%.

Insider Activity

In other news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction on 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.86% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Barclays lowered 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. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target on the stock in a research report on Wednesday. Hsbc Global Res upgraded Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday. Finally, JMP Securities reissued a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $299.27.

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.