River Road Asset Management LLC Decreases Stake in Chubb Limited (NYSE:CB)

River Road Asset Management LLC cut its holdings in shares of Chubb Limited (NYSE:CB) by 15.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 51,274 shares of the financial services provider’s stock after selling 9,531 shares during the quarter. River Road Asset Management LLC’s holdings in Chubb were worth $14,167,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CB. Impax Asset Management Group plc purchased a new position in Chubb in the 3rd quarter valued at approximately $26,336,000. XML Financial LLC bought a new position in shares of Chubb in the third quarter worth $205,000. Mesirow Financial Investment Management Inc. grew its position in shares of Chubb by 24.0% in the third quarter. Mesirow Financial Investment Management Inc. now owns 2,842 shares of the financial services provider’s stock valued at $819,000 after purchasing an additional 550 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Chubb by 1.5% during the 3rd quarter. Sigma Planning Corp now owns 5,575 shares of the financial services provider’s stock valued at $1,608,000 after purchasing an additional 81 shares during the period. Finally, Axxcess Wealth Management LLC grew its holdings in Chubb by 41.7% during the 3rd quarter. Axxcess Wealth Management LLC now owns 3,172 shares of the financial services provider’s stock valued at $915,000 after buying an additional 933 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

NYSE CB opened at $291.15 on Wednesday. The stock has a market capitalization of $116.58 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 3.36 and a beta of 0.66. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. 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 business’s fifty day moving average price is $272.66 and its 200-day moving average price is $280.61.

Chubb (NYSE:CB) last posted its earnings results 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%. On average, equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on CB shares. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Keefe, Bruyette & Woods increased their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Finally, Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $299.27.

Insider Buying and Selling

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now owns 77,703 shares of the company’s stock, valued at $22,297,652.88. This represents a 11.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.86% of the stock is currently owned by insiders.

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.