Los Angeles Capital Management LLC Has $3.59 Million Position in Chubb Limited (NYSE:CB)

Los Angeles Capital Management LLC cut its holdings in Chubb Limited (NYSE:CB) by 92.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,982 shares of the financial services provider’s stock after selling 170,638 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Chubb were worth $3,587,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. Ironwood Investment Counsel LLC raised its position in shares of Chubb by 2.1% in the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after purchasing an additional 35 shares during the period. Continuum Advisory LLC grew its stake in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the last quarter. First Financial Bank Trust Division raised its holdings in Chubb by 3.7% in the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 37 shares during the period. Rede Wealth LLC lifted its position in Chubb by 2.0% during the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock worth $525,000 after acquiring an additional 37 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. boosted its holdings in Chubb by 1.1% during the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock valued at $1,069,000 after acquiring an additional 40 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Stock Up 3.0 %

CB opened at $281.99 on Friday. The firm has a market cap of $113.67 billion, a price-to-earnings ratio of 12.41, a PEG ratio of 3.36 and a beta of 0.67. 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 firm’s 50-day simple moving average is $270.77 and its 200-day simple moving average is $279.61. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities research analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.29%. Chubb’s payout ratio is 16.02%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CB shares. JPMorgan Chase & Co. lifted their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note 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 report on Friday, January 31st. JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Barclays dropped their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Wells Fargo & Company cut their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $295.73.

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.