Hartford Investment Management Co. Reduces Stake in Chubb Limited (NYSE:CB)

Hartford Investment Management Co. trimmed its position in shares of Chubb Limited (NYSE:CB) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,209 shares of the financial services provider’s stock after selling 618 shares during the quarter. Hartford Investment Management Co.’s holdings in Chubb were worth $6,413,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Gladstone Institutional Advisory LLC boosted its position in shares of Chubb by 19.2% in the 4th quarter. Gladstone Institutional Advisory LLC now owns 12,878 shares of the financial services provider’s stock worth $3,558,000 after buying an additional 2,073 shares in the last quarter. Certuity LLC raised its position in Chubb by 3.2% during the fourth quarter. Certuity LLC now owns 4,491 shares of the financial services provider’s stock worth $1,241,000 after acquiring an additional 138 shares during the last quarter. Schear Investment Advisers LLC lifted its holdings in shares of Chubb by 2.7% in the fourth quarter. Schear Investment Advisers LLC now owns 7,002 shares of the financial services provider’s stock valued at $1,935,000 after purchasing an additional 186 shares in the last quarter. Portfolio Design Labs LLC lifted its holdings in shares of Chubb by 11.4% in the fourth quarter. Portfolio Design Labs LLC now owns 2,402 shares of the financial services provider’s stock valued at $664,000 after purchasing an additional 246 shares in the last quarter. Finally, New Republic Capital LLC grew its position in shares of Chubb by 6.6% in the fourth quarter. New Republic Capital LLC now owns 778 shares of the financial services provider’s stock valued at $216,000 after purchasing an additional 48 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 0.5 %

Shares of CB opened at $267.95 on Wednesday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The firm has a market capitalization of $108.01 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock’s fifty day simple moving average is $273.04 and its 200 day simple moving average is $279.84.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities research analysts forecast that Chubb Limited will post 21.66 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.36%. Chubb’s dividend payout ratio (DPR) is 16.02%.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CB shares. Barclays reduced their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JMP Securities restated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Evercore ISI raised their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Chubb has an average rating of “Hold” and an average target price of $295.73.

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.