Middleton & Co. Inc. MA Decreases Stock Position in Chubb Limited (NYSE:CB)

Middleton & Co. Inc. MA reduced its position in Chubb Limited (NYSE:CB - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,251 shares of the financial services provider's stock after selling 1,278 shares during the period. Middleton & Co. Inc. MA's holdings in Chubb were worth $5,043,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the stock. 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 purchasing an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership acquired a new position in Chubb in the 3rd quarter worth about $29,000. Sierra Ocean LLC acquired a new position in Chubb in the 4th quarter worth about $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb during the 3rd quarter worth approximately $30,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

NYSE CB traded up $3.65 on Friday, hitting $285.34. 2,528,712 shares of the stock were exchanged, compared to its average volume of 1,706,331. The company has a market capitalization of $115.02 billion, a PE ratio of 12.56, a P/E/G ratio of 3.36 and a beta of 0.67. The business's fifty day moving average is $271.02 and its 200 day moving average is $279.87. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data 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%. Research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued 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 1.28%. Chubb's dividend payout ratio (DPR) is presently 16.02%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price objective on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Barclays dropped their target price on Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Royal Bank of Canada reissued an "outperform" rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods raised their price objective 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. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $295.73.

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.