US Bancorp DE Raises Stock Holdings in Chubb Limited (NYSE:CB)

US Bancorp DE increased its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 632,967 shares of the financial services provider's stock after buying an additional 16,137 shares during the period. US Bancorp DE owned about 0.16% of Chubb worth $174,889,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Associates Ltd. raised its position in shares of Chubb by 8.4% in the third quarter. Pinnacle Associates Ltd. now owns 16,461 shares of the financial services provider's stock valued at $4,747,000 after buying an additional 1,281 shares during the last quarter. HM Payson & Co. grew its stake in Chubb by 6.9% during the 3rd quarter. HM Payson & Co. now owns 8,553 shares of the financial services provider's stock valued at $2,467,000 after acquiring an additional 555 shares in the last quarter. Deroy & Devereaux Private Investment Counsel Inc. raised its holdings in Chubb by 0.5% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 122,721 shares of the financial services provider's stock valued at $35,391,000 after acquiring an additional 619 shares during the last quarter. Stephens Inc. AR lifted its stake in Chubb by 2.7% in the 3rd quarter. Stephens Inc. AR now owns 9,876 shares of the financial services provider's stock worth $2,848,000 after purchasing an additional 260 shares in the last quarter. Finally, Principal Securities Inc. lifted its stake in Chubb by 2.0% in the 3rd quarter. Principal Securities Inc. now owns 11,274 shares of the financial services provider's stock worth $3,251,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Chubb Trading Up 1.3 %

Chubb stock traded up $3.65 during midday trading on Friday, reaching $285.34. 2,528,712 shares of the stock traded hands, compared to its average volume of 1,706,331. The firm has a market cap of $115.02 billion, a PE ratio of 12.56, a price-to-earnings-growth 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. The company has a 50-day simple moving average of $271.02 and a two-hundred day simple moving average of $279.81. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05.

Chubb (NYSE:CB - Get Free Report) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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 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. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's payout ratio is currently 16.02%.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Barclays dropped their target price on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Wells Fargo & Company reduced their target price on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average 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.