Gulf International Bank UK Ltd Decreases Position in Chubb Limited (NYSE:CB)

Gulf International Bank UK Ltd lessened its stake in Chubb Limited (NYSE:CB - Free Report) by 2.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,105 shares of the financial services provider's stock after selling 922 shares during the period. Gulf International Bank UK Ltd's holdings in Chubb were worth $8,594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC grew its stake in Chubb by 57.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock worth $102,840,000 after buying an additional 130,629 shares during the last quarter. Czech National Bank grew its stake in shares of Chubb by 6.2% during the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock worth $22,458,000 after acquiring an additional 4,757 shares during the last quarter. Barclays PLC grew its stake in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after acquiring an additional 388,746 shares during the last quarter. Moloney Securities Asset Management LLC grew its stake in shares of Chubb by 97.9% during the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider's stock worth $1,111,000 after acquiring an additional 1,905 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in Chubb during the 3rd quarter worth approximately $721,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on CB shares. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their price objective on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price target on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Barclays dropped their price target on Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a research note on Monday, January 6th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Chubb currently has an average rating of "Hold" and a consensus target price of $295.73.

Chubb Stock Performance

Chubb stock traded up $3.65 during mid-day trading on Friday, hitting $285.34. The company had a trading volume of 2,528,712 shares, compared to its average volume of 1,706,331. The company's fifty day moving average is $271.02 and its 200-day moving average is $279.81. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a market capitalization of $115.02 billion, a price-to-earnings ratio of 12.56, a P/E/G ratio of 3.36 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders 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 1.28%. Chubb's dividend payout ratio is currently 16.02%.

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.