Sumitomo Mitsui Trust Group Inc. Sells 9,621 Shares of Chubb Limited (NYSE:CB)

Sumitomo Mitsui Trust Group Inc. lowered its position in shares of Chubb Limited (NYSE:CB) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 989,382 shares of the financial services provider’s stock after selling 9,621 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Chubb were worth $273,366,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Continuum Advisory LLC grew its stake in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. Kozak & Associates Inc. bought a new position in shares of Chubb during the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb during the 3rd quarter worth approximately $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb during the 3rd quarter worth approximately $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb in the 3rd quarter valued at $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Morgan Stanley boosted their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Finally, Evercore ISI upped their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus target price of $295.73.

Chubb Trading Down 0.0 %

Shares of CB stock opened at $272.79 on Friday. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a 50-day simple moving average of $274.24 and a two-hundred day simple moving average of $279.54. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market capitalization of $109.96 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 3.35 and a beta of 0.67.

Chubb (NYSE:CB) last released its 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 return on equity of 13.75% and a net margin of 16.63%. Research analysts anticipate that Chubb Limited will post 21.91 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders 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 dividend yield of 1.33%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 16.02%.

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.