JARISLOWSKY FRASER Ltd Sells 5,494 Shares of Chubb Limited (NYSE:CB)

JARISLOWSKY FRASER Ltd cut its holdings in Chubb Limited (NYSE:CB - Free Report) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 456,532 shares of the financial services provider's stock after selling 5,494 shares during the quarter. JARISLOWSKY FRASER Ltd owned approximately 0.11% of Chubb worth $126,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the business. Rede Wealth LLC increased its holdings in Chubb by 2.0% in the fourth 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 during the last quarter. United Asset Strategies Inc. boosted its position in Chubb by 1.3% during the fourth quarter. United Asset Strategies Inc. now owns 3,079 shares of the financial services provider's stock worth $851,000 after purchasing an additional 40 shares during the period. Avitas Wealth Management LLC boosted its position in Chubb by 0.5% during the fourth quarter. Avitas Wealth Management LLC now owns 8,761 shares of the financial services provider's stock worth $2,421,000 after purchasing an additional 40 shares during the period. Tandem Wealth Advisors LLC boosted its position in Chubb by 3.0% during the fourth quarter. Tandem Wealth Advisors LLC now owns 1,382 shares of the financial services provider's stock worth $382,000 after purchasing an additional 40 shares during the period. Finally, Unison Advisors LLC boosted its position in Chubb by 0.3% during the fourth quarter. Unison Advisors LLC now owns 13,500 shares of the financial services provider's stock worth $3,742,000 after purchasing an additional 41 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

Shares of CB traded down $3.22 during mid-day trading on Wednesday, hitting $282.11. The company's stock had a trading volume of 1,322,598 shares, compared to its average volume of 1,632,680. The firm has a market capitalization of $113.05 billion, a PE ratio of 12.42, a price-to-earnings-growth ratio of 3.36 and a beta of 0.57. Chubb Limited has a one year low of $251.42 and a one year high of $306.91. The stock's 50-day moving average is $288.39 and its two-hundred day moving average is $280.63. 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 data on Tuesday, April 22nd. The financial services provider reported $3.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.28 by $0.40. The company had revenue of $12.65 billion during the quarter, compared to analysts' expectations of $11.22 billion. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts anticipate 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. Shareholders of record on Friday, March 14th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date was Friday, March 14th. Chubb's dividend payout ratio is 17.52%.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 77,703 shares in the company, valued at $22,297,652.88. This represents a 11.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Timothy Alan Boroughs sold 14,748 shares of the 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 of the company's stock, valued at $8,644,927.28. This represents a 33.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,470 shares of company stock worth $18,562,730 over the last quarter. Company insiders own 0.77% of the company's stock.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent analyst reports. JMP Securities reaffirmed a "market outperform" rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Raymond James reaffirmed a "strong-buy" rating on shares of Chubb in a research report on Thursday, April 24th. Keefe, Bruyette & Woods decreased their target price on Chubb from $316.00 to $314.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price for the company in a research report on Wednesday, March 5th. Finally, Jefferies Financial Group increased their price objective on Chubb from $307.00 to $308.00 and gave the company a "hold" rating in a research report on Friday, April 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $307.86.

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.