Bailard Inc. Sells 493 Shares of Chubb Limited (NYSE:CB)

Bailard Inc. trimmed its holdings in Chubb Limited (NYSE:CB) by 0.8% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 61,942 shares of the financial services provider’s stock after selling 493 shares during the quarter. Bailard Inc.’s holdings in Chubb were worth $17,115,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Ironwood Investment Counsel LLC increased its holdings in Chubb by 2.1% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after buying an additional 35 shares in the last quarter. Continuum Advisory LLC increased its holdings in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares in the last quarter. First Financial Bank Trust Division increased its holdings in Chubb by 3.7% in the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after buying an additional 37 shares in the last quarter. Rede Wealth LLC increased its holdings in Chubb by 2.0% in the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock worth $525,000 after buying an additional 37 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its holdings in Chubb by 1.1% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock worth $1,069,000 after buying an additional 40 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Up 1.3 %

CB stock opened at $285.34 on Friday. The business’s 50-day moving average price is $271.02 and its 200-day moving average price is $279.81. 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 Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The stock has a market cap of $115.02 billion, a P/E ratio of 12.56, a PEG ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping 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 research analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. Chubb’s dividend payout ratio is presently 16.02%.

Wall Street Analyst Weigh In

CB has been the subject of several research analyst reports. Keefe, Bruyette & Woods lifted their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Wells Fargo & Company cut their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. JMP Securities restated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price target on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and an average price target of $295.73.

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.