Sumitomo Mitsui Trust Group Inc. Has $273.37 Million Stock Holdings in Chubb Limited (NYSE:CB)

Sumitomo Mitsui Trust Group Inc. decreased its position in Chubb Limited (NYSE:CB) by 1.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 989,382 shares of the financial services provider’s stock after selling 9,621 shares during the period. Sumitomo Mitsui Trust Group Inc. owned about 0.25% of Chubb worth $273,366,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of CB. Strategic Financial Concepts LLC acquired a new position in shares of Chubb in the fourth quarter valued at $30,000. Oakworth Capital Inc. increased its holdings in Chubb by 16.6% in the 4th quarter. Oakworth Capital Inc. now owns 1,875 shares of the financial services provider’s stock valued at $518,000 after buying an additional 267 shares during the period. Silver Oak Securities Incorporated acquired a new position in shares of Chubb in the 4th quarter valued at $170,000. Financial Advocates Investment Management lifted its stake in Chubb by 2.0% during the fourth quarter. Financial Advocates Investment Management now owns 3,654 shares of the financial services provider’s stock worth $1,010,000 after purchasing an additional 71 shares during the period. Finally, Bleakley Financial Group LLC lifted its position in shares of Chubb by 2.8% during the 4th quarter. Bleakley Financial Group LLC now owns 9,069 shares of the financial services provider’s stock worth $2,506,000 after buying an additional 250 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Chubb stock opened at $272.79 on Friday. The business has a 50 day moving average of $274.24 and a 200-day moving average of $279.54. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company has a market capitalization of $109.96 billion, a P/E ratio of 12.01, a P/E/G ratio of 3.35 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (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%. On average, equities research analysts predict that Chubb Limited will post 21.91 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent analyst reports. Wells Fargo & Company reduced their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Evercore ISI lifted their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $295.73.

About Chubb

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.