Norway Savings Bank Purchases 75 Shares of Chubb Limited (NYSE:CB)

Norway Savings Bank boosted its position in Chubb Limited (NYSE:CB) by 6.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,293 shares of the financial services provider’s stock after buying an additional 75 shares during the quarter. Norway Savings Bank’s holdings in Chubb were worth $357,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Continuum Advisory LLC raised its position in Chubb by 56.5% in the 3rd 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 period. Kozak & Associates Inc. bought a new position in shares of Chubb during the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb in the third quarter worth about $29,000. Raelipskie Partnership bought a new stake in shares of Chubb in the 3rd quarter valued at about $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb during the 3rd quarter valued at about $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CB has been the topic of a number of analyst reports. Piper Sandler lifted their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. JMP Securities lifted their target price 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 dropped their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday. Wells Fargo & Company boosted their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Finally, JPMorgan Chase & Co. increased their target price on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus price target of $286.16.

Chubb Stock Up 0.5 %

NYSE:CB traded up $1.40 on Tuesday, reaching $268.71. 784,644 shares of the stock traded hands, compared to its average volume of 1,359,180. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $108.32 billion, a price-to-earnings ratio of 11.00, a PEG ratio of 6.43 and a beta of 0.67. Chubb Limited has a 12 month low of $222.85 and a 12 month high of $302.05. The company’s fifty day simple moving average is $280.41 and its 200 day simple moving average is $278.05.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.95 earnings per share. Equities analysts predict that Chubb Limited will post 21.82 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is currently 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.