Chubb Limited (NYSE:CB) Shares Sold by Connors Investor Services Inc.

Connors Investor Services Inc. reduced its stake in Chubb Limited (NYSE:CB - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,331 shares of the financial services provider's stock after selling 1,162 shares during the quarter. Chubb comprises about 1.7% of Connors Investor Services Inc.'s portfolio, making the stock its 13th largest holding. Connors Investor Services Inc.'s holdings in Chubb were worth $18,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of Chubb by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 36,453,481 shares of the financial services provider's stock valued at $10,072,097,000 after buying an additional 271,648 shares during the period. FMR LLC boosted its position in Chubb by 0.6% in the 4th quarter. FMR LLC now owns 15,668,377 shares of the financial services provider's stock worth $4,329,173,000 after purchasing an additional 91,892 shares in the last quarter. Capital World Investors boosted its position in Chubb by 1.9% in the 4th quarter. Capital World Investors now owns 11,481,301 shares of the financial services provider's stock worth $3,172,194,000 after purchasing an additional 212,889 shares in the last quarter. Capital Research Global Investors grew its stake in shares of Chubb by 1.5% during the 4th quarter. Capital Research Global Investors now owns 8,893,963 shares of the financial services provider's stock worth $2,457,402,000 after purchasing an additional 131,075 shares during the period. Finally, Demars Financial Group LLC increased its holdings in shares of Chubb by 26,761.4% during the 4th quarter. Demars Financial Group LLC now owns 5,360,455 shares of the financial services provider's stock valued at $1,481,094,000 after purchasing an additional 5,340,499 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on CB shares. UBS Group raised their price target on shares of Chubb from $303.00 to $304.00 and gave the company a "neutral" rating in a research report on Monday. Jefferies Financial Group raised their target price on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. JMP Securities reaffirmed a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Barclays dropped their price objective on Chubb from $324.00 to $321.00 and set an "overweight" rating on the stock in a report on Friday, April 11th. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Two analysts have rated the stock with a sell rating, five have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $307.86.

Chubb Trading Up 1.4 %

Shares of NYSE CB traded up $4.00 during trading on Friday, hitting $287.29. 1,522,613 shares of the company were exchanged, compared to its average volume of 1,629,054. Chubb Limited has a 12-month low of $244.84 and a 12-month high of $306.91. The firm has a market capitalization of $115.12 billion, a PE ratio of 12.64, a P/E/G ratio of 3.36 and a beta of 0.57. The company has a fifty day moving average price of $287.82 and a 200-day moving average price of $281.08. 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 - Get Free Report) last announced its quarterly earnings results on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.28 by $0.40. The business had revenue of $12.65 billion during the quarter, compared to the consensus estimate of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 14th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date of this dividend was Friday, March 14th. Chubb's dividend payout ratio is presently 17.52%.

Insider Buying and Selling

In related news, CAO George F. Ohsiek sold 763 shares of Chubb stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $290.41, for a total value of $221,582.83. Following the completion of the sale, the chief accounting officer now owns 20,044 shares in the company, valued at approximately $5,820,978.04. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was sold at an average price of $296.12, for a total value of $4,367,177.76. Following the transaction, the executive vice president now owns 29,194 shares in the company, valued at $8,644,927.28. This trade represents a 33.56 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,470 shares of company stock valued at $18,562,730. 0.77% of the stock is currently owned by insiders.

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.