Boston Common Asset Management LLC Purchases 6,792 Shares of Chubb Limited (NYSE:CB)

Boston Common Asset Management LLC increased its position in Chubb Limited (NYSE:CB) by 8.0% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 91,460 shares of the financial services provider’s stock after purchasing an additional 6,792 shares during the quarter. Boston Common Asset Management LLC’s holdings in Chubb were worth $25,270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in CB. Continuum Advisory LLC lifted its holdings in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Kozak & Associates Inc. purchased a new position in Chubb during the third quarter valued at $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the third quarter valued at $29,000. Raelipskie Partnership bought a new stake in Chubb in the third quarter worth $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb in the third quarter worth $30,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

Shares of CB traded up $0.62 on Friday, reaching $274.15. The company’s stock had a trading volume of 334,252 shares, compared to its average volume of 1,991,653. The stock’s 50 day simple moving average is $278.22 and its two-hundred day simple moving average is $278.09. 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 $110.51 billion, a P/E ratio of 11.24, a PEG ratio of 5.65 and a beta of 0.67. Chubb Limited has a 12-month low of $226.74 and a 12-month high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $4.95 EPS. Research analysts forecast that Chubb Limited will post 21.93 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wells Fargo & Company lowered their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday. Barclays cut their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Evercore ISI raised their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price objective on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, JMP Securities lifted their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $288.17.

About Chubb

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.