UMB Bank n.a. Trims Stock Position in Chubb Limited (NYSE:CB)

UMB Bank n.a. cut its stake in Chubb Limited (NYSE:CB) by 24.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 36,166 shares of the financial services provider’s stock after selling 11,813 shares during the period. UMB Bank n.a.’s holdings in Chubb were worth $9,993,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CB. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Chubb by 57.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock valued at $102,840,000 after buying an additional 130,629 shares during the last quarter. Czech National Bank raised its holdings in shares of Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after buying an additional 4,757 shares during the last quarter. Barclays PLC raised its holdings in shares of 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 buying an additional 388,746 shares during the last quarter. Moloney Securities Asset Management LLC raised its holdings in shares of Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock valued at $1,111,000 after buying an additional 1,905 shares during the last quarter. Finally, Savvy Advisors Inc. purchased a new stake in shares of Chubb in the third quarter valued at about $721,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Down 1.5 %

CB stock opened at $269.38 on Monday. The company’s 50 day simple moving average is $277.89 and its 200-day simple moving average is $278.32. The firm has a market capitalization of $108.59 billion, a PE ratio of 11.03, a P/E/G ratio of 5.65 and a beta of 0.67. Chubb Limited has a 12 month low of $226.74 and a 12 month high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the business earned $4.95 earnings per share. Equities analysts expect that Chubb Limited will post 21.93 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company 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. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Barclays dropped their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Bank of America boosted their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group boosted their price target on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Wells Fargo & Company dropped their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, Evercore ISI boosted their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and an average price target of $288.17.

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.