Mutual of America Capital Management LLC Has $12.41 Million Stock Holdings in Chubb Limited (NYSE:CB)

Mutual of America Capital Management LLC cut its holdings in Chubb Limited (NYSE:CB) by 2.9% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 44,911 shares of the financial services provider’s stock after selling 1,349 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Chubb were worth $12,409,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Continuum Advisory LLC lifted 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 acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership bought a new stake in Chubb in the 3rd quarter valued at approximately $29,000. Sierra Ocean LLC bought a new stake in Chubb in the 4th quarter valued at approximately $29,000. Finally, Truvestments Capital LLC bought a new stake in Chubb in the 3rd quarter valued at approximately $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 1.3 %

CB opened at $285.34 on Friday. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The stock’s fifty day simple moving average is $271.02 and its 200 day simple moving average is $279.81. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $115.02 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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%. As a group, research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio is 16.02%.

Wall Street Analyst Weigh In

Several research firms have commented on CB. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Wells Fargo & Company cut their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. upped 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Two investment 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, the stock presently has an average rating of “Hold” and a consensus price target 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.