Cooke & Bieler LP Cuts Stock Position in Chubb Limited (NYSE:CB)

Cooke & Bieler LP reduced its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 7.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 787,057 shares of the financial services provider's stock after selling 62,427 shares during the quarter. Chubb accounts for about 1.6% of Cooke & Bieler LP's holdings, making the stock its 18th biggest holding. Cooke & Bieler LP owned approximately 0.19% of Chubb worth $177,875,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. AdvisorNet Financial Inc increased its holdings in 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 purchasing an additional 44 shares in the last quarter. Valley National Advisers Inc. increased its holdings in Chubb by 0.9% in the 4th quarter. Valley National Advisers Inc. now owns 5,113 shares of the financial services provider's stock worth $1,155,000 after purchasing an additional 44 shares in the last quarter. Sfmg LLC increased its holdings in Chubb by 3.0% in the 4th quarter. Sfmg LLC now owns 1,533 shares of the financial services provider's stock worth $346,000 after purchasing an additional 45 shares in the last quarter. Regent Peak Wealth Advisors LLC increased its holdings in Chubb by 3.9% in the 3rd quarter. Regent Peak Wealth Advisors LLC now owns 1,244 shares of the financial services provider's stock worth $259,000 after purchasing an additional 47 shares in the last quarter. Finally, Innovis Asset Management LLC increased its holdings in Chubb by 1.7% in the 3rd quarter. Innovis Asset Management LLC now owns 2,889 shares of the financial services provider's stock worth $601,000 after purchasing an additional 47 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CB. Keefe, Bruyette & Woods upped their target price on Chubb from $275.00 to $297.00 and gave the stock an "outperform" rating in a report on Wednesday, April 10th. HSBC reissued a "hold" rating and issued a $270.00 price target (down previously from $275.00) on shares of Chubb in a research note on Thursday, April 4th. UBS Group increased their price target on Chubb from $245.00 to $256.00 and gave the company a "neutral" rating in a research note on Monday, February 5th. Royal Bank of Canada increased their price target on Chubb from $255.00 to $275.00 and gave the company an "outperform" rating in a research note on Thursday, February 1st. Finally, JMP Securities reissued a "market outperform" rating and issued a $280.00 price target on shares of Chubb in a research note on Monday, April 15th. Nine equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $266.37.

Insiders Place Their Bets

In other news, CAO Annmarie T. Hagan sold 7,180 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $245.04, for a total value of $1,759,387.20. Following the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at $1,495,969.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Timothy Alan Boroughs sold 33,150 shares of the firm's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $255.11, for a total value of $8,456,896.50. Following the transaction, the executive vice president now owns 50,486 shares in the company, valued at $12,879,483.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Annmarie T. Hagan sold 7,180 shares of the firm's stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $245.04, for a total value of $1,759,387.20. Following the completion of the transaction, the chief accounting officer now owns 6,105 shares in the company, valued at approximately $1,495,969.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 116,043 shares of company stock worth $29,766,694. Corporate insiders own 0.86% of the company's stock.

Chubb Stock Up 2.0 %

NYSE:CB traded up $4.82 on Friday, hitting $250.21. The stock had a trading volume of 2,573,609 shares, compared to its average volume of 1,372,569. The business's fifty day moving average is $252.51 and its 200 day moving average is $234.58. The company has a market cap of $101.58 billion, a PE ratio of 11.46, a P/E/G ratio of 1.18 and a beta of 0.62. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.20. 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 announced its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $8.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.07 by $3.23. The business had revenue of $13.38 billion for the quarter, compared to analyst estimates of $12.88 billion. Chubb had a return on equity of 16.45% and a net margin of 18.11%. On average, equities research analysts expect that Chubb Limited will post 21.32 EPS for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were issued a $0.86 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $3.44 annualized dividend and a yield of 1.37%. Chubb's payout ratio is currently 15.76%.

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.