Chubb Limited (NYSE:CB) Shares Sold by Country Trust Bank

Country Trust Bank decreased its stake in shares of Chubb Limited (NYSE:CB) by 11.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 132,993 shares of the financial services provider’s stock after selling 16,433 shares during the quarter. Country Trust Bank’s holdings in Chubb were worth $36,746,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its holdings 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 purchasing an additional 130,629 shares during the period. Czech National Bank raised its position in shares of 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 buying an additional 4,757 shares during the period. Barclays PLC lifted its holdings in Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after acquiring an additional 388,746 shares during the last quarter. Moloney Securities Asset Management LLC grew its position in Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after acquiring an additional 1,905 shares during the period. Finally, Savvy Advisors Inc. acquired a new stake in Chubb during the third quarter worth $721,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday. Bank of America boosted their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Jefferies Financial Group increased their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Piper Sandler lifted their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a research note on Thursday. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $289.78.

Chubb Stock Down 0.4 %

Chubb stock opened at $274.76 on Friday. The stock’s fifty day moving average is $275.42 and its two-hundred day moving average is $279.17. The stock has a market cap of $110.76 billion, a PE ratio of 12.09, a P/E/G ratio of 7.45 and a beta of 0.67. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. 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 (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.86%. On average, sell-side analysts expect that Chubb Limited will post 22.86 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

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.