Citizens Financial Group Inc. RI Has $4.25 Million Holdings in Chubb Limited (NYSE:CB)

Citizens Financial Group Inc. RI grew its holdings in Chubb Limited (NYSE:CB) by 17.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,374 shares of the financial services provider’s stock after purchasing an additional 2,269 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in Chubb were worth $4,248,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Chubb in the fourth quarter valued at approximately $1,158,897,000. FMR LLC lifted its stake in shares of Chubb by 7.3% in the 3rd 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 during the period. Proficio Capital Partners LLC boosted its position in shares of Chubb by 41,494.7% in the 4th quarter. Proficio Capital Partners LLC now owns 812,761 shares of the financial services provider’s stock worth $224,566,000 after purchasing an additional 810,807 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec grew its stake 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 period. Finally, Barclays PLC increased its holdings in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of several analyst reports. JPMorgan Chase & Co. boosted their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. HSBC upgraded shares of Chubb from a “hold” rating to a “buy” rating and set a $323.00 price objective for the company in a report on Wednesday, March 5th. Wells Fargo & Company cut their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Barclays reduced their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $299.27.

Insider Transactions at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the sale, 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.86% of the company’s stock.

Chubb Stock Down 0.6 %

Shares of CB stock opened at $291.15 on Wednesday. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The stock has a market cap of $116.58 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 3.36 and a beta of 0.66. The firm’s 50-day moving average is $272.66 and its 200-day moving average is $280.61. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.25%. Chubb’s payout ratio is presently 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.