M&T Bank Corp Decreases Stock Holdings in Chubb Limited (NYSE:CB)

M&T Bank Corp lessened its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 20.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 111,652 shares of the financial services provider's stock after selling 29,248 shares during the period. M&T Bank Corp's holdings in Chubb were worth $32,199,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CB. Beacon Capital Management LLC lifted its stake in shares of Chubb by 76.4% during the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 42 shares during the period. Continuum Advisory LLC boosted its holdings in 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 buying an additional 35 shares during the last quarter. Kozak & Associates Inc. bought a new position in shares of Chubb during the 3rd quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Chubb during the 3rd quarter valued at about $29,000. Finally, Raelipskie Partnership bought a new position in shares of Chubb during the 3rd quarter valued at about $29,000. Institutional investors own 83.81% of the company's stock.

Chubb Price Performance

CB traded down $2.74 on Tuesday, reaching $274.58. The stock had a trading volume of 2,129,952 shares, compared to its average volume of 1,601,174. The company has a market capitalization of $110.68 billion, a price-to-earnings ratio of 11.24, a price-to-earnings-growth ratio of 6.59 and a beta of 0.67. The firm has a 50-day moving average of $286.66 and a 200-day moving average of $276.58. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company had revenue of $13.83 billion during the quarter, compared to analysts' expectations of $14.16 billion. During the same quarter in the prior year, the firm posted $4.95 earnings per share. The business's quarterly revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be given a dividend of $0.91 per share. The ex-dividend date is Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.33%. Chubb's payout ratio is 14.91%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CB. Barclays assumed coverage on Chubb in a research report on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 target price on the stock. Wells Fargo & Company boosted their price target on Chubb from $266.00 to $268.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. JMP Securities boosted their price target on Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a research note on Wednesday, October 30th. Evercore ISI upped their target price on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. Finally, Morgan Stanley upped their target price on Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $287.37.

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.