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

Jacobi Capital Management LLC lowered its position in shares of Chubb Limited (NYSE:CB) by 3.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,507 shares of the financial services provider’s stock after selling 222 shares during the quarter. Jacobi Capital Management LLC’s holdings in Chubb were worth $1,522,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of CB. Metis Global Partners LLC grew its holdings in shares of Chubb by 4.0% during the fourth quarter. Metis Global Partners LLC now owns 18,072 shares of the financial services provider’s stock valued at $4,993,000 after purchasing an additional 689 shares during the last quarter. Providence First Trust Co bought a new position in Chubb in the 4th quarter worth approximately $1,352,000. US Bancorp DE grew its holdings in Chubb by 2.6% in the 4th quarter. US Bancorp DE now owns 632,967 shares of the financial services provider’s stock worth $174,889,000 after buying an additional 16,137 shares in the last quarter. Henry James International Management Inc. boosted its stake in Chubb by 21.3% during the 4th quarter. Henry James International Management Inc. now owns 3,234 shares of the financial services provider’s stock valued at $894,000 after purchasing an additional 568 shares in the last quarter. Finally, Sage Investment Counsel LLC bought a new position in Chubb during the 4th quarter valued at $670,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wells Fargo & Company decreased their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods increased their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. increased their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $295.73.

Chubb Stock Up 1.3 %

NYSE CB opened at $285.34 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a 50-day simple moving average of $271.02 and a 200 day simple moving average of $279.81. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The stock has a market cap of $115.02 billion, a PE ratio of 12.56, a PEG ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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, research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio is 16.02%.

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.