M&R Capital Management Inc. trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 23.1% in the first quarter, according to its most recent filing with the SEC. The firm owned 1,750 shares of the financial services provider’s stock after selling 525 shares during the period. M&R Capital Management Inc.’s holdings in Chubb were worth $276,000 as of its most recent filing with the SEC.
Several other large investors have also added to or reduced their stakes in CB. HM Payson & Co. increased its position in Chubb by 4.1% in the 4th quarter. HM Payson & Co. now owns 1,654 shares of the financial services provider’s stock valued at $255,000 after acquiring an additional 65 shares in the last quarter. Ballentine Partners LLC grew its position in shares of Chubb by 2.0% during the 4th quarter. Ballentine Partners LLC now owns 3,422 shares of the financial services provider’s stock worth $527,000 after buying an additional 66 shares during the period. NEXT Financial Group Inc grew its position in shares of Chubb by 5.0% during the 4th quarter. NEXT Financial Group Inc now owns 1,402 shares of the financial services provider’s stock worth $216,000 after buying an additional 67 shares during the period. Salem Investment Counselors Inc. grew its position in shares of Chubb by 16.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 487 shares of the financial services provider’s stock worth $75,000 after buying an additional 67 shares during the period. Finally, Front Row Advisors LLC grew its position in shares of Chubb by 21.5% during the 3rd quarter. Front Row Advisors LLC now owns 384 shares of the financial services provider’s stock worth $58,000 after buying an additional 68 shares during the period. 85.79% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on the stock. Royal Bank of Canada boosted their price objective on shares of Chubb from $155.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, February 4th. Raymond James lifted their price target on shares of Chubb from $190.00 to $200.00 and gave the company a “strong-buy” rating in a research note on Wednesday, March 17th. The Goldman Sachs Group raised shares of Chubb from a “buy” rating to a “conviction-buy” rating in a research note on Friday, January 8th. Bank of America lowered shares of Chubb from a “neutral” rating to an “underperform” rating and boosted their price objective for the stock from $132.00 to $138.00 in a research report on Tuesday, December 22nd. Finally, Barclays boosted their price objective on shares of Chubb from $173.00 to $178.00 and gave the stock an “overweight” rating in a research report on Thursday, February 4th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $163.17.
CB opened at $160.95 on Thursday. Chubb Limited has a twelve month low of $93.10 and a twelve month high of $179.01. The company has a 50-day simple moving average of $165.18 and a 200 day simple moving average of $148.74. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $72.46 billion, a price-to-earnings ratio of 32.06, a P/E/G ratio of 1.36 and a beta of 0.67.
Chubb (NYSE:CB) last posted its earnings results on Monday, February 1st. The financial services provider reported $3.18 EPS for the quarter, topping analysts’ consensus estimates of $2.82 by $0.36. The firm had revenue of $7.77 billion during the quarter, compared to analysts’ expectations of $7.83 billion. Chubb had a net margin of 6.24% and a return on equity of 5.33%. The business’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.28 earnings per share. Sell-side analysts anticipate that Chubb Limited will post 7.02 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 9th. Stockholders of record on Friday, March 19th will be issued a $0.78 dividend. The ex-dividend date is Thursday, March 18th. This represents a $3.12 dividend on an annualized basis and a dividend yield of 1.94%. Chubb’s dividend payout ratio (DPR) is currently 30.86%.
Chubb announced that its Board of Directors has approved a stock repurchase program on Wednesday, February 3rd that authorizes the company to buyback $1.00 billion in shares. This buyback authorization authorizes the financial services provider to buy up to 1.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
Chubb Limited, through its subsidiaries, 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, cyber risk, surety, and excess casualty; and group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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