Chubb Limited (NYSE:CB) Shares Sold by WASHINGTON TRUST Co

WASHINGTON TRUST Co cut its holdings in Chubb Limited (NYSE:CB) by 1.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 52,227 shares of the financial services provider’s stock after selling 838 shares during the quarter. WASHINGTON TRUST Co’s holdings in Chubb were worth $14,430,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CB. Continuum Advisory LLC increased its stake in 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 buying an additional 35 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in shares of Chubb in the third quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb during the third quarter worth approximately $29,000. Raelipskie Partnership acquired a new position in Chubb in the 3rd quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb in the 3rd quarter valued at $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. 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. Barclays dropped their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Evercore ISI boosted their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Finally, 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 report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $295.73.

Chubb Price Performance

Shares of CB opened at $264.49 on Friday. The firm has a 50-day simple moving average of $271.91 and a two-hundred day simple moving average of $279.64. 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 stock has a market cap of $106.62 billion, a PE ratio of 11.64, a P/E/G ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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 forecast that Chubb Limited will post 21.66 EPS for the current year.

Chubb Dividend Announcement

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

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.