Chubb Limited (NYSE:CB) Shares Sold by Troy Asset Management Ltd

Troy Asset Management Ltd reduced its stake in Chubb Limited (NYSE:CB - Free Report) by 0.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 418,429 shares of the financial services provider's stock after selling 951 shares during the period. Chubb makes up about 3.9% of Troy Asset Management Ltd's investment portfolio, making the stock its 7th biggest holding. Troy Asset Management Ltd owned approximately 0.10% of Chubb worth $115,612,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Chubb by 57.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider's stock valued at $102,840,000 after purchasing an additional 130,629 shares during the period. Czech National Bank increased its position in shares of Chubb by 6.2% during the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider's stock worth $22,458,000 after acquiring an additional 4,757 shares during the last quarter. Barclays PLC lifted its stake in shares of Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock worth $511,226,000 after acquiring an additional 388,746 shares in the last quarter. Weiss Asset Management LP purchased a new position in Chubb in the third quarter valued at about $27,424,000. Finally, Versant Capital Management Inc grew its stake in Chubb by 133.9% during the 4th quarter. Versant Capital Management Inc now owns 552 shares of the financial services provider's stock valued at $153,000 after purchasing an additional 316 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on CB shares. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research report on Wednesday, March 5th. Wells Fargo & Company cut their price target on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada reissued an "outperform" rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Finally, Hsbc Global Res raised shares of Chubb from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $303.14.

Insider Buying and Selling at Chubb

In other news, CAO George F. Ohsiek sold 763 shares of the firm's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $290.41, for a total transaction of $221,582.83. Following the completion of the transaction, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,470 shares of company stock valued at $18,562,730 in the last quarter. Corporate insiders own 0.86% of the company's stock.

Chubb Stock Performance

CB stock traded down $0.18 during mid-day trading on Wednesday, reaching $301.22. The company had a trading volume of 571,930 shares, compared to its average volume of 1,598,395. The stock's 50-day simple moving average is $280.57 and its two-hundred day simple moving average is $281.60. The stock has a market capitalization of $120.61 billion, a P/E ratio of 13.26, a P/E/G ratio of 3.36 and a beta of 0.66. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a one year low of $238.85 and a one year high of $304.34.

Chubb (NYSE:CB - Get Free Report) last posted 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 net margin of 16.63% and a return on equity of 13.75%. Research analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.21%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's payout ratio 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.