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

Verdence Capital Advisors LLC trimmed its holdings in Chubb Limited (NYSE:CB) by 1.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 32,418 shares of the financial services provider’s stock after selling 642 shares during the period. Chubb accounts for about 0.7% of Verdence Capital Advisors LLC’s investment portfolio, making the stock its 27th largest position. Verdence Capital Advisors LLC’s holdings in Chubb were worth $8,957,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Chubb by 7.3% in the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Chubb by 2.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider’s stock worth $617,573,000 after acquiring an additional 46,068 shares during the period. Barclays PLC boosted its holdings in shares of Chubb by 28.1% during the third 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. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Chubb by 49.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after purchasing an additional 389,343 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Chubb by 0.8% during the third quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider’s stock worth $266,940,000 after purchasing an additional 7,462 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods raised 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 restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Wells Fargo & Company reduced their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Two 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. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $295.73.

Chubb Trading Down 2.0 %

Shares of CB opened at $284.02 on Wednesday. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The stock has a market cap of $114.49 billion, a PE ratio of 12.50, a P/E/G ratio of 3.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock’s 50-day moving average is $271.45 and its two-hundred day moving average is $280.06.

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

Chubb Dividend Announcement

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

Chubb 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.