Chubb Limited (NYSE:CB) Shares Sold by Sapient Capital LLC

Sapient Capital LLC trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 7.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 985 shares of the financial services provider’s stock after selling 81 shares during the quarter. Sapient Capital LLC’s holdings in Chubb were worth $273,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CB. Ironwood Investment Counsel LLC increased its position in shares of Chubb by 2.1% during the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after acquiring an additional 35 shares during the last quarter. Continuum Advisory LLC boosted its position in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. First Financial Bank Trust Division increased its holdings in Chubb by 3.7% in the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 37 shares during the last quarter. Rede Wealth LLC raised its position in Chubb by 2.0% in the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 37 shares during the period. Finally, Wealth Effects LLC lifted its stake in Chubb by 3.0% during the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 40 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Down 1.1 %

NYSE:CB opened at $265.07 on Thursday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The stock has a market cap of $106.85 billion, a P/E ratio of 11.67, a P/E/G ratio of 3.41 and a beta of 0.67. The stock has a 50-day simple moving average of $272.68 and a 200-day simple moving average of $279.82.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating 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, analysts anticipate that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.37%. Chubb’s dividend payout ratio is currently 16.02%.

Analyst Upgrades and Downgrades

CB has been the subject of a number of research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Barclays cut their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lifted 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. Finally, 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 report on Tuesday, January 14th. Two investment 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. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $295.73.

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.