Chubb Limited (NYSE:CB) Shares Sold by Jackson Square Capital LLC

Jackson Square Capital LLC lowered its holdings in Chubb Limited (NYSE:CB) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 12,137 shares of the financial services provider’s stock after selling 173 shares during the quarter. Jackson Square Capital LLC’s holdings in Chubb were worth $3,353,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

CB has been the subject of several recent research reports. Piper Sandler increased their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. JMP Securities lifted their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Jefferies Financial Group lifted their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods raised their price objective on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Chubb has a consensus rating of “Hold” and a consensus target price of $288.17.

Chubb Stock Down 1.5 %

Shares of NYSE:CB opened at $269.38 on Friday. The company’s fifty day moving average is $277.89 and its two-hundred day moving average is $278.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 1-year low of $226.74 and a 1-year high of $302.05. The stock has a market capitalization of $108.59 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data 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 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 analyst estimates of $14.16 billion. During the same quarter in the prior year, the business earned $4.95 earnings per share. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts anticipate that Chubb Limited will post 21.93 EPS for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 14.91%.

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.