Weybosset Research & Management LLC Acquires 125 Shares of Chubb Limited (NYSE:CB)

Weybosset Research & Management LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 0.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 33,848 shares of the financial services provider’s stock after acquiring an additional 125 shares during the period. Chubb makes up approximately 3.2% of Weybosset Research & Management LLC’s holdings, making the stock its 15th biggest position. Weybosset Research & Management LLC’s holdings in Chubb were worth $9,352,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CB. Strategic Financial Concepts LLC purchased a new position in shares of Chubb in the second quarter worth approximately $28,000. Continuum Advisory LLC boosted its stake in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. bought a new stake in shares of Chubb during the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the 3rd quarter worth $29,000. Finally, Raelipskie Partnership bought a new position in Chubb in the 3rd quarter worth $29,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 5.0 %

Chubb stock traded down $13.45 during trading on Friday, reaching $253.20. The company had a trading volume of 1,774,264 shares, compared to its average volume of 1,791,977. Chubb Limited has a 12-month low of $224.74 and a 12-month high of $302.05. The stock’s 50 day moving average price is $279.37 and its two-hundred day moving average price is $277.92. The firm has a market capitalization of $102.06 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 6.43 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter last year, the firm posted $4.95 earnings per share. The business’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, equities analysts expect that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.91 per share. 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 1.44%. Chubb’s dividend payout ratio (DPR) is 14.91%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CB shares. JMP Securities boosted their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday. Wells Fargo & Company increased their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Bank of America raised their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $286.58.

Chubb 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.