Cornerstone Investment Partners LLC Sells 396 Shares of Chubb Limited (NYSE:CB)

Cornerstone Investment Partners LLC trimmed its stake in shares of Chubb Limited (NYSE:CB) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 279,067 shares of the financial services provider’s stock after selling 396 shares during the period. Chubb makes up about 3.8% of Cornerstone Investment Partners LLC’s investment portfolio, making the stock its 8th biggest position. Cornerstone Investment Partners LLC’s holdings in Chubb were worth $77,106,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Continuum Advisory LLC lifted its holdings in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the third quarter valued at approximately $29,000. Raelipskie Partnership acquired a new position in Chubb in the third quarter valued at approximately $29,000. Sierra Ocean LLC acquired a new position in Chubb in the fourth quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb in the third quarter valued at approximately $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Up 1.5 %

Shares of NYSE:CB opened at $289.66 on Tuesday. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $271.30 and its 200 day simple moving average is $279.99. The firm has a market cap of $116.76 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.26%. Chubb’s payout ratio is currently 16.02%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wells Fargo & Company cut their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays reduced their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Chubb currently has an average rating of “Hold” and an average target price of $295.73.

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.