Chubb Limited (NYSE:CB) Shares Sold by Chevy Chase Trust Holdings LLC

Chevy Chase Trust Holdings LLC cut its position in shares of Chubb Limited (NYSE:CB) by 2.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 200,093 shares of the financial services provider’s stock after selling 4,707 shares during the quarter. Chevy Chase Trust Holdings LLC’s holdings in Chubb were worth $55,286,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CB. Asset Planning Inc bought a new stake in shares of Chubb during the 4th quarter worth $1,224,000. Pictet North America Advisors SA boosted its stake in shares of Chubb by 2.3% during the 4th quarter. Pictet North America Advisors SA now owns 10,834 shares of the financial services provider’s stock worth $2,993,000 after acquiring an additional 246 shares in the last quarter. Banque Pictet & Cie SA boosted its stake in shares of Chubb by 3.7% during the 4th quarter. Banque Pictet & Cie SA now owns 7,080 shares of the financial services provider’s stock worth $1,956,000 after acquiring an additional 250 shares in the last quarter. Littlejohn Financial Services Inc. bought a new stake in shares of Chubb during the 4th quarter worth $1,222,000. Finally, Vontobel Holding Ltd. boosted its stake in shares of Chubb by 224.6% during the 4th quarter. Vontobel Holding Ltd. now owns 66,085 shares of the financial services provider’s stock worth $18,259,000 after acquiring an additional 45,725 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of NYSE:CB opened at $267.89 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The business has a fifty day simple moving average of $272.29 and a 200 day simple moving average of $279.72. The firm has a market cap of $107.98 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate 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, sell-side analysts predict that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. Chubb’s dividend payout ratio is 16.02%.

Analysts Set New Price Targets

Several research firms have recently weighed in on CB. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Morgan Stanley raised their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price 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.