Chubb Limited (NYSE:CB) Shares Sold by Mount Lucas Management LP

Mount Lucas Management LP lowered its stake in shares of Chubb Limited (NYSE:CB) by 5.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,120 shares of the financial services provider’s stock after selling 183 shares during the quarter. Mount Lucas Management LP’s holdings in Chubb were worth $862,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Sound View Wealth Advisors Group LLC boosted its position in Chubb by 2.5% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 1,876 shares of the financial services provider’s stock worth $518,000 after acquiring an additional 46 shares during the period. Amundi raised its stake in shares of Chubb by 8.1% during the fourth quarter. Amundi now owns 1,308,179 shares of the financial services provider’s stock valued at $348,826,000 after purchasing an additional 97,705 shares in the last quarter. Naviter Wealth LLC acquired a new stake in Chubb in the fourth quarter worth about $276,000. Marble Harbor Investment Counsel LLC grew its position in Chubb by 4.3% in the 4th quarter. Marble Harbor Investment Counsel LLC now owns 14,021 shares of the financial services provider’s stock valued at $3,874,000 after buying an additional 575 shares in the last quarter. Finally, Larson Financial Group LLC increased its stake in Chubb by 19.1% during the 4th quarter. Larson Financial Group LLC now owns 673 shares of the financial services provider’s stock valued at $186,000 after buying an additional 108 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Up 0.1 %

Shares of CB stock opened at $286.52 on Monday. The company has a market capitalization of $114.73 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The firm has a fifty day moving average of $272.01 and a 200-day moving average of $280.36. 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 (NYSE:CB) last released its quarterly 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 predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. Chubb’s dividend payout ratio is presently 16.02%.

Insider Buying and Selling

In other news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.86% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on CB. HSBC raised Chubb from a “hold” rating to a “buy” rating and set a $323.00 price target for the company in a research note on Wednesday, March 5th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $299.27.

Chubb Company 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.