Chubb Limited (NYSE:CB) Shares Sold by Highland Capital Management LLC

Highland Capital Management LLC lowered its position in shares of Chubb Limited (NYSE:CB) by 2.3% during the fourth quarter, Holdings Channel reports. The firm owned 15,538 shares of the financial services provider’s stock after selling 360 shares during the quarter. Highland Capital Management LLC’s holdings in Chubb were worth $4,293,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its position in shares of Chubb by 7.3% during the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after purchasing an additional 1,052,999 shares in the last quarter. Barclays PLC grew 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 buying an additional 388,746 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew 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 buying an additional 389,343 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of 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 buying an additional 931,841 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew 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 buying an additional 7,462 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays lowered their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Piper Sandler boosted their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Jefferies Financial Group boosted their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company decreased their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Evercore ISI upped their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $288.39.

Chubb Stock Performance

Shares of Chubb stock opened at $276.05 on Thursday. The firm has a market cap of $111.27 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The firm’s 50-day simple moving average is $275.77 and its 200-day simple moving average is $279.22. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Equities analysts forecast that Chubb Limited will post 21.95 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.32%. Chubb’s dividend payout ratio (DPR) is 14.91%.

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.