M&T Bank Corp Lowers Stake in Chubb Limited (NYSE:CB)

M&T Bank Corp decreased its holdings in Chubb Limited (NYSE:CB - Free Report) by 1.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,077 shares of the financial services provider's stock after selling 1,575 shares during the period. M&T Bank Corp's holdings in Chubb were worth $30,415,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of CB. Atria Investments Inc increased its holdings in shares of Chubb by 3.2% in the 4th quarter. Atria Investments Inc now owns 49,268 shares of the financial services provider's stock worth $13,613,000 after buying an additional 1,544 shares during the last quarter. Assetmark Inc. boosted its position in Chubb by 1.0% during the 4th quarter. Assetmark Inc. now owns 67,389 shares of the financial services provider's stock valued at $18,620,000 after buying an additional 642 shares during the period. J.Safra Asset Management Corp boosted its position in Chubb by 44.2% during the 4th quarter. J.Safra Asset Management Corp now owns 1,207 shares of the financial services provider's stock valued at $332,000 after buying an additional 370 shares during the period. Wealth Advisory Solutions LLC raised its holdings in Chubb by 105.4% in the 4th quarter. Wealth Advisory Solutions LLC now owns 19,589 shares of the financial services provider's stock worth $5,412,000 after purchasing an additional 10,050 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Chubb by 19.5% in the 4th quarter. Victory Capital Management Inc. now owns 385,196 shares of the financial services provider's stock worth $106,430,000 after purchasing an additional 62,976 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

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Chubb Stock Up 0.1 %

NYSE:CB traded up $0.23 on Friday, reaching $286.52. 1,259,899 shares of the stock traded hands, compared to its average volume of 1,700,705. The company has a market capitalization of $115.50 billion, a price-to-earnings ratio of 12.61, a PEG 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 Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company's fifty day simple moving average is $272.01 and its 200 day simple moving average is $280.24.

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, beating 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 analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Friday, March 14th. Chubb's payout ratio is presently 16.02%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CB. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a report on Monday, January 6th. JMP Securities restated a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. HSBC upgraded shares of Chubb from a "hold" rating to a "buy" rating and set a $323.00 price objective for the company in a report on Wednesday. Finally, Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $299.27.

Insider Activity

In related news, EVP Joseph F. Wayland sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.86% of the company's stock.

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.