Chubb Limited (NYSE:CB) Shares Sold by Focus Financial Network Inc.

Focus Financial Network Inc. trimmed its position in shares of Chubb Limited (NYSE:CB) by 47.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 865 shares of the financial services provider’s stock after selling 769 shares during the quarter. Focus Financial Network Inc.’s holdings in Chubb were worth $240,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. FMR LLC raised its stake in shares of Chubb by 7.3% during the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after buying an additional 1,052,999 shares during the period. International Assets Investment Management LLC raised its position in Chubb by 28,885.3% during the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock worth $2,696,640,000 after acquiring an additional 931,841 shares during the period. Assenagon Asset Management S.A. lifted its holdings in Chubb by 4,559.3% during the third quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock valued at $243,641,000 after purchasing an additional 826,700 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec grew its position in shares of Chubb by 49.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after purchasing an additional 389,343 shares during the period. Finally, Barclays PLC raised its position in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

NYSE:CB opened at $264.49 on Friday. The company has a market capitalization of $106.62 billion, a P/E ratio of 11.64, a P/E/G ratio of 3.41 and a beta of 0.67. 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 Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The stock’s fifty day moving average is $271.91 and its two-hundred day moving average is $279.64.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts expect that Chubb Limited will post 21.66 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.38%. Chubb’s payout ratio is currently 16.02%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CB. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Evercore ISI lifted their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company dropped their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Barclays decreased 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. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average 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.