Mn Services Vermogensbeheer B.V. Sells 6,200 Shares of Chubb Limited (NYSE:CB)

Mn Services Vermogensbeheer B.V. trimmed its stake in Chubb Limited (NYSE:CB - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 196,470 shares of the financial services provider's stock after selling 6,200 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Chubb were worth $44,402,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. AdvisorNet Financial Inc boosted its holdings in shares of Chubb by 5.2% in the 4th quarter. AdvisorNet Financial Inc now owns 886 shares of the financial services provider's stock worth $200,000 after acquiring an additional 44 shares in the last quarter. Valley National Advisers Inc. raised its position in shares of Chubb by 0.9% during the fourth quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider's stock worth $1,155,000 after acquiring an additional 44 shares during the last quarter. Regent Peak Wealth Advisors LLC lifted its stake in shares of Chubb by 3.9% during the third quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider's stock valued at $259,000 after acquiring an additional 47 shares during the period. Innovis Asset Management LLC boosted its holdings in Chubb by 1.7% in the third quarter. Innovis Asset Management LLC now owns 2,889 shares of the financial services provider's stock valued at $601,000 after acquiring an additional 47 shares during the last quarter. Finally, Citizens National Bank Trust Department increased its position in Chubb by 0.3% in the third quarter. Citizens National Bank Trust Department now owns 16,156 shares of the financial services provider's stock worth $3,363,000 after purchasing an additional 50 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Performance

CB traded up $1.28 during trading hours on Friday, reaching $245.81. The company's stock had a trading volume of 1,506,616 shares, compared to its average volume of 1,531,903. The company's 50-day moving average is $252.64 and its 200-day moving average is $233.09. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.29 and a current ratio of 0.29. The firm has a market cap of $99.80 billion, a PE ratio of 11.26, a price-to-earnings-growth ratio of 1.16 and a beta of 0.62. Chubb Limited has a 52 week low of $183.71 and a 52 week high of $260.58.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $8.30 EPS for the quarter, beating the consensus estimate of $5.07 by $3.23. The company had revenue of $13.38 billion for the quarter, compared to the consensus estimate of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, equities analysts forecast that Chubb Limited will post 21.15 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date was Thursday, March 14th. Chubb's dividend payout ratio is currently 15.76%.

Wall Street Analysts Forecast Growth

CB has been the subject of a number of analyst reports. Piper Sandler reaffirmed an "overweight" rating and set a $282.00 target price on shares of Chubb in a report on Monday, April 1st. Royal Bank of Canada upped their price objective on shares of Chubb from $255.00 to $275.00 and gave the company an "outperform" rating in a research report on Thursday, February 1st. UBS Group lifted their target price on Chubb from $245.00 to $256.00 and gave the stock a "neutral" rating in a report on Monday, February 5th. Wells Fargo & Company increased their price target on Chubb from $234.00 to $255.00 and gave the stock an "equal weight" rating in a report on Thursday, February 1st. Finally, Roth Mkm lifted their price objective on Chubb from $260.00 to $280.00 and gave the company a "buy" rating in a report on Wednesday, January 31st. Nine investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $264.58.

Insiders Place Their Bets

In related news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now owns 6,105 shares of the company's stock, valued at $1,495,969.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Chubb news, CAO Annmarie T. Hagan sold 7,180 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $245.04, for a total transaction of $1,759,387.20. Following the sale, the chief accounting officer now directly owns 6,105 shares in the company, valued at $1,495,969.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Timothy Alan Boroughs sold 33,150 shares of the firm's stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $255.11, for a total transaction of $8,456,896.50. Following the completion of the transaction, the executive vice president now directly owns 50,486 shares in the company, valued at $12,879,483.46. The disclosure for this sale can be found here. Insiders have sold a total of 116,043 shares of company stock worth $29,766,694 in the last quarter. Corporate insiders own 0.37% of the company's stock.

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.