Swiss National Bank Has $299.67 Million Stock Holdings in Chubb Limited (NYSE:CB)

Swiss National Bank reduced its position in shares of Chubb Limited (NYSE:CB) by 5.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,084,591 shares of the financial services provider’s stock after selling 60,400 shares during the quarter. Swiss National Bank owned about 0.27% of Chubb worth $299,672,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC increased its holdings in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb in the 3rd quarter valued at $29,000. Raelipskie Partnership bought a new stake in Chubb during the 3rd quarter valued at $29,000. Sierra Ocean LLC acquired a new position in Chubb during the fourth quarter worth $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb in the third quarter valued at $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Barclays decreased their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Wells Fargo & Company dropped 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. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Finally, JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average price target of $299.27.

Insider Buying and Selling

In related news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is currently owned by insiders.

Chubb Stock Down 2.2 %

CB opened at $284.24 on Thursday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company’s 50-day moving average price is $272.82 and its two-hundred day moving average price is $280.64. The stock has a market cap of $113.81 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 3.36 and a beta of 0.66. 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 (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate 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, equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders 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 annualized dividend and a dividend yield of 1.28%. Chubb’s 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.