Federated Investors Inc. PA reduced its stake in Chubb Ltd (NYSE:CB) by 6.9% in the first quarter, HoldingsChannel.com reports. The fund owned 8,925 shares of the financial services provider’s stock after selling 660 shares during the quarter. Federated Investors Inc. PA’s holdings in Chubb were worth $1,221,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of CB. Ceredex Value Advisors LLC acquired a new position in Chubb in the first quarter valued at approximately $61,923,000. BlackRock Inc. boosted its stake in Chubb by 1.5% in the fourth quarter. BlackRock Inc. now owns 30,206,383 shares of the financial services provider’s stock valued at $4,414,057,000 after acquiring an additional 435,621 shares during the period. Boston Partners boosted its stake in Chubb by 6.8% in the first quarter. Boston Partners now owns 5,415,315 shares of the financial services provider’s stock valued at $740,652,000 after acquiring an additional 345,607 shares during the period. Deutsche Bank AG boosted its stake in Chubb by 13.1% in the fourth quarter. Deutsche Bank AG now owns 1,748,443 shares of the financial services provider’s stock valued at $255,493,000 after acquiring an additional 203,179 shares during the period. Finally, Cannell Peter B & Co. Inc. boosted its stake in Chubb by 78.3% in the first quarter. Cannell Peter B & Co. Inc. now owns 451,874 shares of the financial services provider’s stock valued at $61,803,000 after acquiring an additional 198,412 shares during the period. Institutional investors own 90.20% of the company’s stock.

In related news, Director Michael G. Atieh sold 920 shares of the business’s stock in a transaction that occurred on Monday, June 4th. The stock was sold at an average price of $130.86, for a total transaction of $120,391.20. Following the sale, the director now owns 40,561 shares of the company’s stock, valued at $5,307,812.46. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Philip V. Bancroft sold 55,675 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The stock was sold at an average price of $140.94, for a total value of $7,846,834.50. The disclosure for this sale can be found here. In the last three months, insiders have purchased 135 shares of company stock worth $19,612 and have sold 56,597 shares worth $7,967,528. 0.44% of the stock is owned by insiders.

A number of equities analysts have commented on the company. Barclays lifted their target price on Chubb from $169.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, February 20th. Deutsche Bank reduced their price objective on Chubb from $149.00 to $140.00 and set a “hold” rating for the company in a research report on Thursday, March 29th. Zacks Investment Research upgraded Chubb from a “sell” rating to a “hold” rating in a research report on Friday, April 27th. Wells Fargo & Co set a $169.00 price objective on Chubb and gave the stock a “buy” rating in a research report on Tuesday, April 24th. Finally, Citigroup boosted their price objective on Chubb from $155.00 to $157.00 and gave the stock a “buy” rating in a research report on Tuesday, May 1st. One research analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $161.69.

Shares of NYSE:CB opened at $132.32 on Wednesday. Chubb Ltd has a 12 month low of $128.82 and a 12 month high of $157.50. The company has a market cap of $61.95 billion, a P/E ratio of 16.48, a PEG ratio of 1.28 and a beta of 1.00. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.25.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, April 24th. The financial services provider reported $2.34 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.26 by $0.08. Chubb had a return on equity of 7.29% and a net margin of 11.73%. The firm had revenue of $6.55 billion for the quarter, compared to analysts’ expectations of $6.42 billion. During the same quarter in the previous year, the company earned $2.48 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. analysts anticipate that Chubb Ltd will post 10.41 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 22nd will be issued a dividend of $0.73 per share. This is a boost from Chubb’s previous quarterly dividend of $0.71. The ex-dividend date of this dividend is Thursday, June 21st. This represents a $2.92 annualized dividend and a yield of 2.21%. Chubb’s payout ratio is presently 35.37%.

About Chubb

Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.

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Institutional Ownership by Quarter for Chubb (NYSE:CB)

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