Chubb Limited (NYSE:CB) Shares Sold by Mitsubishi UFJ Asset Management UK Ltd.

Mitsubishi UFJ Asset Management UK Ltd. lessened its stake in Chubb Limited (NYSE:CB) by 54.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,000 shares of the financial services provider’s stock after selling 6,000 shares during the quarter. Mitsubishi UFJ Asset Management UK Ltd.’s holdings in Chubb were worth $1,382,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. AE Wealth Management LLC raised its position in Chubb by 52.8% in the second quarter. AE Wealth Management LLC now owns 3,467 shares of the financial services provider’s stock worth $884,000 after acquiring an additional 1,198 shares in the last quarter. Gabelli Funds LLC lifted its stake in shares of Chubb by 9.9% in the 2nd quarter. Gabelli Funds LLC now owns 10,005 shares of the financial services provider’s stock valued at $2,552,000 after purchasing an additional 900 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Chubb by 4.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,887 shares of the financial services provider’s stock valued at $520,000 after buying an additional 82 shares during the period. Bank of Montreal Can raised its holdings in shares of Chubb by 7.0% during the 2nd quarter. Bank of Montreal Can now owns 647,420 shares of the financial services provider’s stock valued at $170,828,000 after buying an additional 42,562 shares during the period. Finally, Mill Creek Capital Advisors LLC increased its holdings in Chubb by 21.7% during the 2nd quarter. Mill Creek Capital Advisors LLC now owns 1,244 shares of the financial services provider’s stock worth $317,000 after purchasing an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Bank of America boosted their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price objective on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. JPMorgan Chase & Co. boosted their target price on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Finally, Jefferies Financial Group boosted their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Chubb presently has an average rating of “Hold” and an average price target of $288.17.

Chubb Stock Down 0.2 %

Chubb stock opened at $268.97 on Wednesday. The firm has a 50 day simple moving average of $277.67 and a 200 day simple moving average of $278.60. The firm has a market capitalization of $108.42 billion, a price-to-earnings ratio of 11.01, a P/E/G ratio of 7.27 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1-year low of $237.67 and a 1-year high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the firm posted $4.95 earnings per share. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, analysts predict that Chubb Limited will post 21.95 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. Chubb’s dividend payout ratio is presently 14.91%.

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.