Private Trust Co. NA Increases Stock Holdings in Chubb Limited (NYSE:CB)

Private Trust Co. NA lifted its stake in shares of Chubb Limited (NYSE:CB) by 1.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,232 shares of the financial services provider’s stock after buying an additional 125 shares during the period. Private Trust Co. NA’s holdings in Chubb were worth $2,827,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Continuum Advisory LLC boosted its position in 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 during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb during the 3rd quarter valued at $29,000. Raelipskie Partnership purchased a new position in shares of Chubb during the 3rd quarter valued at $29,000. Sierra Ocean LLC bought a new position in Chubb in the 4th quarter worth about $29,000. Finally, Truvestments Capital LLC purchased a new position in shares of Chubb in the 3rd quarter worth about $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 3.0 %

CB opened at $281.99 on Friday. The firm has a 50-day simple moving average of $270.77 and a two-hundred day simple moving average of $279.61. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The company has a market capitalization of $113.67 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS 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 fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.29%. Chubb’s payout ratio is 16.02%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CB. Wells Fargo & Company dropped their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target of $295.73.

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.