Davis Selected Advisers Sells 83,334 Shares of Chubb Limited (NYSE:CB)

Davis Selected Advisers lowered its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 7.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,095,002 shares of the financial services provider's stock after selling 83,334 shares during the quarter. Chubb makes up about 1.8% of Davis Selected Advisers' investment portfolio, making the stock its 20th largest holding. Davis Selected Advisers owned approximately 0.27% of Chubb worth $302,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Continuum Advisory LLC boosted its holdings in Chubb by 56.5% in the third 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 acquired a new position in shares of Chubb during the third quarter valued at $29,000. Raelipskie Partnership acquired a new position in shares of Chubb during the third quarter valued at $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb during the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the third quarter valued at $30,000. Institutional investors and hedge funds own 83.81% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on CB. HSBC raised shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price target for the company in a report on Wednesday, March 5th. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, JMP Securities restated a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb currently has a consensus rating of "Hold" and an average price target of $299.27.

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Insider Buying and Selling 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 stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares of the company's stock, valued at $22,297,652.88. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 0.86% of the company's stock.

Chubb Trading Down 0.6 %

CB traded down $1.81 during trading on Tuesday, reaching $291.15. The company had a trading volume of 2,966,823 shares, compared to its average volume of 1,504,348. The firm's 50-day simple moving average is $272.66 and its 200 day simple moving average is $280.61. The company has a market cap of $116.58 billion, a price-to-earnings ratio of 12.81, a PEG 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 company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

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 for the quarter, topping analysts' consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The firm 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 dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.25%. Chubb's dividend payout ratio (DPR) is presently 16.02%.

Chubb 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.