Chubb Limited (NYSE:CB) Shares Sold by Meridian Investment Counsel Inc.

Meridian Investment Counsel Inc. lessened its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 18.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,034 shares of the financial services provider's stock after selling 1,569 shares during the quarter. Meridian Investment Counsel Inc.'s holdings in Chubb were worth $1,943,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Continuum Advisory LLC boosted its stake in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb in the 3rd quarter worth $29,000. Raelipskie Partnership purchased a new position in Chubb during the 3rd quarter worth $29,000. Sierra Ocean LLC acquired a new position in Chubb during the 4th quarter valued at about $29,000. Finally, Crowley Wealth Management Inc. acquired a new stake in Chubb in the fourth quarter worth about $29,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CB has been the topic of several recent analyst reports. Barclays cut their price objective 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. Keefe, Bruyette & Woods raised their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. HSBC upgraded Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price for the company in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $303.14.

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Chubb Stock Performance

CB traded up $0.62 on Wednesday, reaching $302.02. The stock had a trading volume of 1,534,179 shares, compared to its average volume of 1,604,803. The business's 50-day moving average price is $280.57 and its two-hundred day moving average price is $281.60. The company has a market cap of $120.93 billion, a P/E ratio of 13.29, a price-to-earnings-growth 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 $304.34. 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 for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.91 dividend. 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 1.21%. Chubb's dividend payout ratio is currently 16.02%.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. The trade was a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Evan G. Greenberg sold 25,728 shares of the stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the transaction, the chief executive officer now directly owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. This represents a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.86% of the stock is owned by corporate insiders.

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.