Chubb Limited (NYSE:CB) Shares Sold by Hilltop National Bank

Hilltop National Bank lowered its position in Chubb Limited (NYSE:CB) by 27.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 238 shares of the financial services provider’s stock after selling 91 shares during the quarter. Hilltop National Bank’s holdings in Chubb were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CB. Acadian Asset Management LLC purchased a new stake in shares of Chubb during the second quarter worth about $2,932,000. LPL Financial LLC increased its position in shares of Chubb by 7.1% during the second quarter. LPL Financial LLC now owns 330,745 shares of the financial services provider’s stock worth $84,366,000 after acquiring an additional 21,978 shares during the last quarter. Y.D. More Investments Ltd bought a new stake in Chubb in the second quarter valued at about $55,000. Achmea Investment Management B.V. increased its holdings in Chubb by 314.5% in the second quarter. Achmea Investment Management B.V. now owns 19,596 shares of the financial services provider’s stock valued at $4,999,000 after buying an additional 14,868 shares during the last quarter. Finally, PFG Advisors increased its holdings in Chubb by 96.8% in the second quarter. PFG Advisors now owns 3,370 shares of the financial services provider’s stock valued at $860,000 after buying an additional 1,658 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently weighed in on CB shares. Evercore ISI boosted their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley lifted their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Finally, JMP Securities lifted their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $288.39.

Chubb Trading Down 3.3 %

Shares of NYSE:CB opened at $257.87 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1 year low of $224.74 and a 1 year high of $302.05. The firm has a fifty day moving average price of $278.98 and a 200 day moving average price of $277.86. The stock has a market capitalization of $103.95 billion, a PE ratio of 10.56, a P/E/G ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the prior year, the company earned $4.95 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Analysts expect that Chubb Limited will post 21.82 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 14.91%.

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.