Dana Investment Advisors Inc. lowered its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 23,561 shares of the financial services provider's stock after selling 1,171 shares during the quarter. Dana Investment Advisors Inc.'s holdings in Chubb were worth $6,510,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in CB. Continuum Advisory LLC boosted its holdings in Chubb by 56.5% in the 3rd 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 in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership purchased a new stake in Chubb in the 3rd quarter valued at approximately $29,000. Sierra Ocean LLC purchased a new stake in Chubb in the 4th quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb in the 3rd quarter valued at approximately $30,000. Hedge funds and other institutional investors own 83.81% of the company's stock.
Insiders Place Their Bets
In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is owned by corporate insiders.
Analyst Ratings Changes
A number of research firms have recently issued reports on CB. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. JMP Securities reiterated a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company reduced their price target on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Chubb currently has an average rating of "Hold" and a consensus price target of $299.27.
Get Our Latest Stock Report on CB
Chubb Price Performance
Shares of Chubb stock traded up $0.23 during trading on Friday, hitting $286.52. 1,259,899 shares of the company were exchanged, compared to its average volume of 1,700,705. The stock has a market capitalization of $114.73 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.66. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The firm has a 50 day moving average price of $272.01 and a 200 day moving average price of $280.36.
Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 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, equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.
Chubb Dividend Announcement
The company 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 annualized dividend and a yield of 1.27%. Chubb's payout ratio is currently 16.02%.
About Chubb
(
Free Report)
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.
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