Chubb Limited (NYSE:CB) Shares Sold by Jackson Square Capital LLC

Jackson Square Capital LLC lowered its stake in shares of Chubb Limited (NYSE:CB) by 1.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,137 shares of the financial services provider’s stock after selling 173 shares during the quarter. Jackson Square Capital LLC’s holdings in Chubb were worth $3,353,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CB. Intech Investment Management LLC raised its position in Chubb by 16.8% during the 2nd quarter. Intech Investment Management LLC now owns 13,018 shares of the financial services provider’s stock worth $3,321,000 after buying an additional 1,876 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Chubb by 8.4% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 44,453 shares of the financial services provider’s stock worth $11,339,000 after purchasing an additional 3,454 shares in the last quarter. Bridges Investment Management Inc. acquired a new stake in Chubb in the second quarter valued at about $1,259,000. AE Wealth Management LLC boosted its holdings in Chubb by 52.8% in the 2nd quarter. AE Wealth Management LLC now owns 3,467 shares of the financial services provider’s stock valued at $884,000 after purchasing an additional 1,198 shares in the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of Chubb by 2.0% during the 2nd quarter. Pacer Advisors Inc. now owns 38,052 shares of the financial services provider’s stock worth $9,706,000 after buying an additional 760 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Barclays dropped their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JMP Securities increased their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Company lowered their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $288.17.

Chubb Price Performance

Shares of NYSE:CB opened at $269.38 on Friday. The company has a market cap of $108.59 billion, a P/E ratio of 11.03, a P/E/G ratio of 5.65 and a beta of 0.67. The business has a fifty day simple moving average of $277.89 and a 200-day simple moving average of $278.16. Chubb Limited has a 52 week low of $226.74 and a 52 week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted 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. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the previous year, the business earned $4.95 EPS. The firm’s revenue was up 5.5% on a year-over-year basis. Equities research analysts forecast that Chubb Limited will post 21.93 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 14.91%.

Chubb 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.