Boston Trust Walden Corp Sells 1,098 Shares of Chubb Limited (NYSE:CB)

Boston Trust Walden Corp reduced its holdings in shares of Chubb Limited (NYSE:CB) by 0.2% in the fourth quarter, HoldingsChannel.com reports. The fund owned 447,137 shares of the financial services provider’s stock after selling 1,098 shares during the quarter. Chubb accounts for 0.9% of Boston Trust Walden Corp’s holdings, making the stock its 23rd biggest position. Boston Trust Walden Corp’s holdings in Chubb were worth $123,544,000 as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CB shares. Wells Fargo & Company decreased their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Jefferies Financial Group lifted their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Bank of America lifted their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus target price of $290.12.

Chubb Trading Down 1.0 %

NYSE CB opened at $272.01 on Monday. The stock has a market capitalization of $109.65 billion, a price-to-earnings ratio of 11.97, a PEG ratio of 3.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The business’s fifty day moving average is $275.16 and its 200-day moving average is $279.45.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) 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 predict that Chubb Limited will post 21.91 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.34%. Chubb’s dividend payout ratio is presently 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.