Sage Investment Counsel LLC Buys Shares of 2,426 Chubb Limited (NYSE:CB)

Sage Investment Counsel LLC bought a new stake in Chubb Limited (NYSE:CB) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,426 shares of the financial services provider’s stock, valued at approximately $670,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new position in shares of Chubb in the fourth quarter worth $2,475,000. Flputnam Investment Management Co. grew its stake in shares of Chubb by 0.9% in the fourth quarter. Flputnam Investment Management Co. now owns 92,002 shares of the financial services provider’s stock worth $25,420,000 after acquiring an additional 859 shares in the last quarter. Private Trust Co. NA grew its stake in shares of Chubb by 1.2% in the fourth quarter. Private Trust Co. NA now owns 10,232 shares of the financial services provider’s stock worth $2,827,000 after acquiring an additional 125 shares in the last quarter. Argyle Capital Management LLC grew its stake in shares of Chubb by 25.2% in the fourth quarter. Argyle Capital Management LLC now owns 10,219 shares of the financial services provider’s stock worth $2,824,000 after acquiring an additional 2,054 shares in the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in shares of Chubb by 3.1% in the fourth quarter. Parkside Financial Bank & Trust now owns 7,684 shares of the financial services provider’s stock worth $2,123,000 after acquiring an additional 234 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of CB opened at $285.34 on Friday. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The stock has a market cap of $115.02 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a fifty day moving average price of $271.02 and a 200 day moving average price of $279.73.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s payout ratio is 16.02%.

Wall Street Analyst Weigh In

Several research firms have commented on CB. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. 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 research note on Tuesday, January 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. 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 data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.