Chubb Limited (NYSE:CB) Stake Cut by Perpetual Ltd

Perpetual Ltd decreased its holdings in shares of Chubb Limited (NYSE:CB) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,882 shares of the financial services provider’s stock after selling 810 shares during the period. Perpetual Ltd’s holdings in Chubb were worth $1,901,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of CB. Continuum Advisory LLC raised its stake in Chubb by 56.5% during the third 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 period. Kozak & Associates Inc. acquired a new position in shares of Chubb during the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership purchased a new position in shares of Chubb during the third quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb in the third quarter worth approximately $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Price Performance

NYSE CB opened at $268.97 on Wednesday. The stock has a 50-day simple moving average of $277.67 and a 200 day simple moving average of $278.60. Chubb Limited has a twelve month low of $237.67 and a twelve month high of $302.05. The stock has a market capitalization of $108.42 billion, a PE ratio of 11.01, a P/E/G ratio of 7.27 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 issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company earned $4.95 earnings per share. Research analysts anticipate that Chubb Limited will post 21.95 EPS for the current 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 issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Analyst Ratings Changes

CB has been the subject of a number of research analyst reports. Barclays cut their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Bank of America lifted 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. Jefferies Financial Group increased their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. JMP Securities lifted their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $288.17.

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.