KBC Group NV Sells 104,177 Shares of Chubb Limited (NYSE:CB)

KBC Group NV reduced its holdings in Chubb Limited (NYSE:CB) by 59.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 70,120 shares of the financial services provider’s stock after selling 104,177 shares during the quarter. KBC Group NV’s holdings in Chubb were worth $19,374,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Susquehanna Fundamental Investments LLC purchased a new stake in Chubb in the second quarter valued at approximately $459,000. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Chubb by 1.9% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 25,696 shares of the financial services provider’s stock worth $6,555,000 after buying an additional 486 shares during the last quarter. Invst LLC purchased a new stake in shares of Chubb during the 2nd quarter valued at $220,000. Regal Investment Advisors LLC bought a new stake in shares of Chubb during the 2nd quarter worth $209,000. Finally, Kimelman & Baird LLC purchased a new position in Chubb in the second quarter worth $32,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the subject of several research analyst reports. Bank of America lifted their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group upped their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. JMP Securities lifted their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average price target of $288.17.

Chubb Price Performance

CB stock opened at $272.46 on Wednesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The firm has a 50-day moving average of $276.00 and a 200 day moving average of $279.12. The company has a market cap of $109.83 billion, a P/E ratio of 11.16, a PEG ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last released 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 15.46% and a net margin of 18.32%. On average, sell-side analysts forecast that Chubb Limited will post 21.95 EPS for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid 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 1.34%. Chubb’s payout ratio is 14.91%.

About Chubb

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.