M&R Capital Management Inc. trimmed its position in Chubb Limited (NYSE:CB – Get Rating) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,044 shares of the financial services provider’s stock after selling 98 shares during the period. M&R Capital Management Inc.’s holdings in Chubb were worth $451,000 as of its most recent SEC filing.
Other institutional investors have also recently added to or reduced their stakes in the company. FNY Investment Advisers LLC lifted its position in Chubb by 144.2% in the third quarter. FNY Investment Advisers LLC now owns 254 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 150 shares during the period. Heritage Wealth Management LLC acquired a new stake in shares of Chubb during the 2nd quarter valued at $52,000. Phocas Financial Corp. acquired a new stake in shares of Chubb during the 4th quarter valued at $62,000. Horizons Wealth Management lifted its position in shares of Chubb by 809.7% during the 4th quarter. Horizons Wealth Management now owns 282 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 251 shares during the last quarter. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of Chubb during the 3rd quarter valued at $52,000. 87.12% of the stock is currently owned by institutional investors and hedge funds.
Chubb Stock Down 2.6 %
Shares of NYSE CB traded down $5.06 during mid-day trading on Friday, reaching $186.80. The company had a trading volume of 4,798,586 shares, compared to its average volume of 1,932,890. Chubb Limited has a twelve month low of $173.78 and a twelve month high of $231.37. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $77.24 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 1.12 and a beta of 0.66. The stock’s 50 day moving average is $213.28 and its 200-day moving average is $207.20.
Chubb Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 10th. Shareholders of record on Friday, March 17th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 1.78%. The ex-dividend date is Thursday, March 16th. Chubb’s payout ratio is 26.52%.
Analyst Ratings Changes
CB has been the subject of a number of recent research reports. MKM Partners increased their price objective on Chubb from $235.00 to $260.00 and gave the company a “buy” rating in a research report on Monday, December 5th. Atlantic Securities increased their price objective on Chubb from $240.00 to $250.00 in a research report on Wednesday, February 22nd. Barclays cut their price objective on Chubb from $258.00 to $255.00 and set an “overweight” rating for the company in a research report on Thursday, February 2nd. StockNews.com started coverage on Chubb in a report on Thursday. They issued a “hold” rating for the company. Finally, Citigroup reduced their target price on Chubb from $236.00 to $229.00 and set a “neutral” rating for the company in a report on Wednesday, February 8th. Five investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $243.92.
Insiders Place Their Bets
In other Chubb news, COO John W. Keogh sold 23,871 shares of the stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $212.18, for a total transaction of $5,064,948.78. Following the transaction, the chief operating officer now directly owns 272,062 shares of the company’s stock, valued at $57,726,115.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.39% of the company’s stock.
Chubb Ltd. is a holding company, which engages in the provision of commercial and personal property and casualty insurance, personal accident and accident and health (A&H), reinsurance, and life insurance. It operates through the following segments: North America Commercial Property and Casualty (P&C) Insurance, North America Personal P&C Insurance, North America Agricultural Insurance, Overseas General Insurance, Global Reinsurance, and Life Insurance.
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