Harrell Investment Partners LLC Cuts Position in Chubb Limited (NYSE:CB)

Harrell Investment Partners LLC lessened its position in Chubb Limited (NYSE:CB) by 29.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,487 shares of the financial services provider’s stock after selling 8,315 shares during the period. Chubb comprises 1.5% of Harrell Investment Partners LLC’s portfolio, making the stock its 21st largest holding. Harrell Investment Partners LLC’s holdings in Chubb were worth $5,384,000 at the end of the most recent reporting period.

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

Chubb Trading Up 0.1 %

NYSE CB opened at $266.71 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $107.51 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. The company’s 50-day simple moving average is $276.24 and its two-hundred day simple moving average is $278.65. Chubb Limited has a one year low of $238.85 and a one year high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the previous year, the firm earned $4.95 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. Equities analysts forecast that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.36%. Chubb’s payout ratio is 14.91%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CB shares. Morgan Stanley lifted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods raised their target price on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Piper Sandler raised their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Wells Fargo & Company lowered their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Bank of America raised their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $288.17.

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.