Chubb Limited (NYSE:CB) Shares Sold by Country Trust Bank

Country Trust Bank trimmed its holdings in Chubb Limited (NYSE:CB) by 11.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 132,993 shares of the financial services provider’s stock after selling 16,433 shares during the period. Country Trust Bank’s holdings in Chubb were worth $36,746,000 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. FMR LLC lifted its stake in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after acquiring an additional 1,052,999 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Chubb by 28,885.3% in the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after buying an additional 931,841 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Chubb by 4,559.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock valued at $243,641,000 after buying an additional 826,700 shares during the period. Caisse DE Depot ET Placement DU Quebec boosted its stake in shares of Chubb by 49.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after buying an additional 389,343 shares in the last quarter. Finally, Barclays PLC grew its holdings in Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after acquiring an additional 388,746 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.4 %

CB opened at $274.76 on Friday. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The business has a 50-day moving average of $275.42 and a two-hundred day moving average of $279.17. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $110.76 billion, a price-to-earnings ratio of 12.09, a price-to-earnings-growth ratio of 7.45 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.86%. On average, research analysts expect that Chubb Limited will post 22.86 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.32%. Chubb’s dividend payout ratio (DPR) is 16.02%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Evercore ISI raised their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Jefferies Financial Group lifted their price target 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 increased their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus target price of $289.78.

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.