Radnor Capital Management LLC trimmed its position in Chubb Limited (NYSE:CB – Free Report) by 12.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,907 shares of the financial services provider’s stock after selling 2,251 shares during the period. Chubb makes up approximately 0.7% of Radnor Capital Management LLC’s holdings, making the stock its 26th biggest holding. Radnor Capital Management LLC’s holdings in Chubb were worth $4,395,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of CB. Ironwood Investment Counsel LLC raised its position in shares of Chubb by 2.1% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after purchasing an additional 35 shares during the last quarter. Continuum Advisory LLC raised its holdings 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 buying an additional 35 shares during the last quarter. First Financial Bank Trust Division lifted its stake in shares of Chubb by 3.7% during the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after buying an additional 37 shares during the period. LVW Advisors LLC grew its holdings in shares of Chubb by 0.3% during the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock valued at $3,390,000 after buying an additional 40 shares during the last quarter. Finally, Wealth Effects LLC increased its position in shares of Chubb by 3.0% in the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock valued at $395,000 after acquiring an additional 40 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of analysts have commented on the company. Keefe, Bruyette & Woods lifted their price target on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Jefferies Financial Group raised their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Piper Sandler upped their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. JMP Securities raised their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus price target of $288.17.
Chubb Stock Performance
NYSE CB opened at $265.54 on Wednesday. The stock has a market capitalization of $107.04 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 6.43 and a beta of 0.67. The stock has a 50-day moving average of $278.46 and a 200 day moving average of $278.16. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $226.06 and a twelve month high of $302.05.
Chubb (NYSE:CB – Get Free Report) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the company posted $4.95 EPS. The business’s quarterly revenue was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Chubb Limited will post 21.82 EPS for the current fiscal year.
Chubb Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given 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 1.37%. Chubb’s dividend payout ratio (DPR) is 14.91%.
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.
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