Chubb Limited (NYSE:CB) Position Reduced by Busey Bank

Busey Bank reduced its position in Chubb Limited (NYSE:CB) by 8.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 820 shares of the financial services provider’s stock after selling 80 shares during the period. Busey Bank’s holdings in Chubb were worth $227,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CB. Wealth Enhancement Advisory Services LLC lifted its stake in Chubb by 57.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after acquiring an additional 130,629 shares in the last quarter. Czech National Bank lifted its stake in Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after acquiring an additional 4,757 shares during the last quarter. Barclays PLC increased its stake in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Moloney Securities Asset Management LLC raised its holdings in shares of Chubb by 97.9% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock valued at $1,111,000 after purchasing an additional 1,905 shares in the last quarter. Finally, Savvy Advisors Inc. acquired a new stake in shares of Chubb in the 3rd quarter valued at $721,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CB shares. Royal Bank of Canada restated an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday. Bank of America raised their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus target price of $289.78.

Chubb Stock Down 0.4 %

CB opened at $274.76 on Friday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a market capitalization of $110.76 billion, a P/E ratio of 11.25, a P/E/G ratio of 7.23 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The firm’s fifty day moving average price is $275.63 and its two-hundred day moving average price is $279.20.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. On average, analysts anticipate that Chubb Limited will post 21.95 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors 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 annualized dividend and a dividend yield of 1.32%. Chubb’s dividend payout ratio (DPR) is presently 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.