KBC Group NV Lowers Position in Chubb Limited (NYSE:CB)

KBC Group NV lessened its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 59.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 70,120 shares of the financial services provider's stock after selling 104,177 shares during the quarter. KBC Group NV's holdings in Chubb were worth $19,374,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CB. Continuum Advisory LLC increased its holdings in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after acquiring an additional 35 shares during the period. Kozak & Associates Inc. bought a new position in shares of Chubb in the third quarter worth $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the third quarter worth $29,000. Raelipskie Partnership bought a new stake in Chubb during the third quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the third quarter worth about $30,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Trading Down 1.0 %

Shares of NYSE:CB traded down $2.77 during midday trading on Friday, hitting $272.01. 1,583,346 shares of the stock traded hands, compared to its average volume of 1,824,784. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $109.65 billion, a PE ratio of 11.97, a P/E/G ratio of 7.45 and a beta of 0.67. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The business's 50 day moving average is $275.16 and its two-hundred day moving average is $279.25.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.86% and a net margin of 16.63%. As a group, research analysts forecast that Chubb Limited will post 22.86 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, December 13th. Chubb's payout ratio is currently 16.02%.

Analysts Set New Price Targets

CB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods lifted their price target on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research report on Friday. Piper Sandler lifted their target price on shares of Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a research report on Friday, October 4th. JPMorgan Chase & Co. increased their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday. Bank of America lifted their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a report on Thursday, October 10th. Finally, Evercore ISI increased their target price on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $289.83.

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.