PNC Financial Services Group Inc. Sells 14,175 Shares of Chubb Limited (NYSE:CB)

PNC Financial Services Group Inc. trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 911,447 shares of the financial services provider’s stock after selling 14,175 shares during the quarter. PNC Financial Services Group Inc. owned 0.23% of Chubb worth $251,833,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in shares of Chubb by 57.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock valued at $102,840,000 after buying an additional 130,629 shares during the period. Czech National Bank increased its position in Chubb by 6.2% during the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after purchasing an additional 4,757 shares during the period. Barclays PLC raised its holdings in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Savvy Advisors Inc. bought a new position in shares of Chubb in the 3rd quarter worth about $721,000. Finally, Kennebec Savings Bank bought a new position in shares of Chubb in the 3rd quarter worth about $792,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Chubb

In related news, EVP Joseph F. Wayland sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares of the company’s stock, valued at approximately $22,297,652.88. This trade represents a 11.40 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.86% of the stock is owned by corporate insiders.

Chubb Stock Up 0.1 %

Shares of NYSE:CB opened at $286.52 on Friday. The company has a market capitalization of $115.50 billion, a PE ratio of 12.61, a price-to-earnings-growth ratio of 3.36 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. The business has a fifty day moving average price of $272.01 and a two-hundred day moving average price of $280.24. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05.

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 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%. Analysts forecast 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 dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is 16.02%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CB shares. JMP Securities reiterated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Hsbc Global Res upgraded shares of Chubb from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. boosted their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $299.27.

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.