Mn Services Vermogensbeheer B.V. Purchases 3,700 Shares of Chubb Limited (NYSE:CB)

Mn Services Vermogensbeheer B.V. raised its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 2.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 161,170 shares of the financial services provider's stock after buying an additional 3,700 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Chubb were worth $44,531,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Continuum Advisory LLC grew its holdings in shares of Chubb by 56.5% during 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 in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb during the third quarter worth about $29,000. Raelipskie Partnership purchased a new position in shares of Chubb during the third quarter worth about $29,000. Sierra Ocean LLC purchased a new position in shares of Chubb during the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC purchased a new position in shares of Chubb during the third quarter worth about $30,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CB. JMP Securities reissued a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Wells Fargo & Company decreased their target price on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. boosted their target price on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods boosted their target price on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $295.73.

Chubb Stock Up 1.3 %

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 has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock's 50 day moving average price is $271.02 and its two-hundred day moving average price 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 PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping 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%. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Friday, March 14th. Chubb's dividend payout ratio (DPR) 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.