Chubb Limited (NYSE:CB) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. cut its position in Chubb Limited (NYSE:CB) by 5.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,177 shares of the financial services provider’s stock after selling 260 shares during the period. Montag A & Associates Inc.’s holdings in Chubb were worth $1,156,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CB. Continuum Advisory LLC boosted its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the third quarter worth approximately $29,000. Raelipskie Partnership purchased a new position in Chubb during the third quarter worth approximately $29,000. Truvestments Capital LLC purchased a new position in Chubb during the third quarter worth approximately $30,000. Finally, Strategic Financial Concepts LLC purchased a new position in Chubb during the fourth quarter worth approximately $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

NYSE:CB opened at $264.49 on Monday. Chubb Limited has a 52 week low of $238.85 and a 52 week 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 has a market capitalization of $106.62 billion, a P/E ratio of 11.64, a P/E/G ratio of 3.41 and a beta of 0.67. The stock’s fifty day moving average is $271.54 and its two-hundred day moving average is $279.61.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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%. Equities analysts expect that Chubb Limited will post 21.66 EPS for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.38%. Chubb’s dividend payout ratio is presently 16.02%.

Wall Street Analyst Weigh In

CB has been the topic of several research reports. JPMorgan Chase & Co. raised their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Finally, Evercore ISI lifted their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $295.73.

Chubb Company 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.