Swiss National Bank Sells 60,400 Shares of Chubb Limited (NYSE:CB)

Swiss National Bank reduced its holdings in Chubb Limited (NYSE:CB - Free Report) by 5.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,084,591 shares of the financial services provider's stock after selling 60,400 shares during the period. Swiss National Bank owned approximately 0.27% of Chubb worth $299,672,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Avantax Advisory Services Inc. raised its stake in Chubb by 9.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 63,472 shares of the financial services provider's stock valued at $17,537,000 after purchasing an additional 5,709 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Chubb by 16.1% during the 4th quarter. EverSource Wealth Advisors LLC now owns 2,248 shares of the financial services provider's stock worth $621,000 after purchasing an additional 312 shares during the period. Sequoia Financial Advisors LLC raised its position in shares of Chubb by 12.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 23,937 shares of the financial services provider's stock valued at $6,614,000 after buying an additional 2,590 shares during the last quarter. PFG Advisors lifted its stake in shares of Chubb by 25.1% in the fourth quarter. PFG Advisors now owns 4,193 shares of the financial services provider's stock valued at $1,159,000 after buying an additional 840 shares during the period. Finally, Moors & Cabot Inc. lifted its stake in shares of Chubb by 4.6% in the fourth quarter. Moors & Cabot Inc. now owns 12,371 shares of the financial services provider's stock valued at $3,418,000 after buying an additional 546 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the transaction, the executive vice president now owns 77,703 shares of the company's stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Evan G. Greenberg sold 25,728 shares of Chubb stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $291.45, for a total value of $7,498,425.60. Following the completion of the sale, the chief executive officer now owns 584,395 shares of the company's stock, valued at approximately $170,321,922.75. The trade was a 4.22 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.86% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have commented on CB. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Keefe, Bruyette & Woods upped 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. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Chubb presently has an average rating of "Hold" and an average price target of $299.27.

Chubb Price Performance

CB stock traded up $4.59 during midday trading on Thursday, reaching $288.57. 2,777,778 shares of the company's stock traded hands, compared to its average volume of 1,509,002. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a market cap of $115.55 billion, a price-to-earnings ratio of 12.70, a PEG ratio of 3.36 and a beta of 0.66. The company has a 50-day simple moving average of $273.14 and a two-hundred day simple moving average of $280.69. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB - Get Free Report) last released 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 return on equity of 13.75% and a net margin of 16.63%. On average, analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.26%. Chubb's payout ratio is 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.