Mutual of America Capital Management LLC Sells 1,349 Shares of Chubb Limited (NYSE:CB)

Mutual of America Capital Management LLC trimmed its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 44,911 shares of the financial services provider's stock after selling 1,349 shares during the quarter. Mutual of America Capital Management LLC's holdings in Chubb were worth $12,409,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of CB. FMR LLC increased its stake in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of Chubb by 41,494.7% during the 4th quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider's stock worth $224,566,000 after buying an additional 810,807 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Chubb by 49.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider's stock worth $338,070,000 after buying an additional 389,343 shares during the last quarter. Barclays PLC lifted its position in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after buying an additional 388,746 shares during the last quarter. Finally, World Investment Advisors LLC lifted its holdings in shares of Chubb by 8,398.0% in the third quarter. World Investment Advisors LLC now owns 274,740 shares of the financial services provider's stock worth $79,232,000 after acquiring an additional 271,507 shares during the last quarter. Institutional investors own 83.81% of the company's stock.

Chubb Trading Up 1.3 %

Shares of CB stock traded up $3.65 during mid-day trading on Friday, hitting $285.34. The company's stock had a trading volume of 2,528,712 shares, compared to its average volume of 1,706,331. The company's fifty day simple moving average is $271.02 and its 200-day simple moving average is $279.81. 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 quick ratio of 0.28 and a current ratio of 0.25. The company has a market cap of $115.02 billion, a PE ratio of 12.56, a P/E/G ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts' consensus estimates 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, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb's dividend payout ratio is currently 16.02%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CB. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. 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 note on Tuesday, January 14th. JMP Securities reiterated a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. JPMorgan Chase & Co. increased their price target 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 increased their target price on 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 issued a buy rating to the company. Based on data from MarketBeat, Chubb currently has a consensus rating of "Hold" and a consensus price target 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.