Davis Selected Advisers Sells 83,334 Shares of Chubb Limited (NYSE:CB)

Davis Selected Advisers decreased its position in Chubb Limited (NYSE:CB) by 7.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,095,002 shares of the financial services provider’s stock after selling 83,334 shares during the quarter. Chubb comprises approximately 1.8% of Davis Selected Advisers’ portfolio, making the stock its 20th largest holding. Davis Selected Advisers’ holdings in Chubb were worth $302,549,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Chubb during the 4th quarter worth approximately $361,000. Machina Capital S.A.S. bought a new position in Chubb in the 4th quarter valued at $1,853,000. AMG National Trust Bank grew its stake in Chubb by 2.3% in the 4th quarter. AMG National Trust Bank now owns 3,898 shares of the financial services provider’s stock valued at $1,077,000 after purchasing an additional 88 shares during the period. Andra AP fonden grew its stake in Chubb by 4.0% in the 4th quarter. Andra AP fonden now owns 28,800 shares of the financial services provider’s stock valued at $7,957,000 after purchasing an additional 1,100 shares during the period. Finally, Bay Colony Advisory Group Inc d b a Bay Colony Advisors grew its stake in Chubb by 77.8% in the 4th quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors now owns 1,371 shares of the financial services provider’s stock valued at $379,000 after purchasing an additional 600 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

CB stock opened at $286.52 on Friday. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. 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 fifty day moving average is $272.01 and its 200 day moving average is $280.24. The firm has a market cap of $115.50 billion, a P/E ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last issued its 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%. Research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is 16.02%.

Insider Activity

In other news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction that occurred on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on CB shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Hsbc Global Res raised Chubb from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Wells Fargo & Company reduced 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. increased their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $299.27.

Chubb Company 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.