Howland Capital Management LLC Sells 3,050 Shares of Chubb Limited (NYSE:CB)

Howland Capital Management LLC lessened its holdings in shares of Chubb Limited (NYSE:CB) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,672 shares of the financial services provider’s stock after selling 3,050 shares during the quarter. Chubb makes up approximately 1.2% of Howland Capital Management LLC’s portfolio, making the stock its 26th largest holding. Howland Capital Management LLC’s holdings in Chubb were worth $27,075,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Quotient Wealth Partners LLC raised its position in shares of Chubb by 16.9% in the fourth quarter. Quotient Wealth Partners LLC now owns 1,363 shares of the financial services provider’s stock valued at $377,000 after purchasing an additional 197 shares during the period. AlphaStar Capital Management LLC raised its position in shares of Chubb by 395.4% in the fourth quarter. AlphaStar Capital Management LLC now owns 5,008 shares of the financial services provider’s stock valued at $1,384,000 after purchasing an additional 3,997 shares during the period. WestEnd Advisors LLC grew its stake in shares of Chubb by 5,286,133.3% in the fourth quarter. WestEnd Advisors LLC now owns 158,587 shares of the financial services provider’s stock worth $43,817,000 after acquiring an additional 158,584 shares during the last quarter. Stoneridge Investment Partners LLC acquired a new stake in shares of Chubb in the fourth quarter worth $7,648,000. Finally, WCM Investment Management LLC grew its stake in shares of Chubb by 77.7% in the fourth quarter. WCM Investment Management LLC now owns 7,399 shares of the financial services provider’s stock worth $2,038,000 after acquiring an additional 3,235 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Chubb stock opened at $270.14 on Friday. The stock has a 50-day simple moving average of $273.52 and a 200 day simple moving average of $279.55. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The stock has a market capitalization of $108.89 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, research analysts anticipate that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.35%. Chubb’s dividend payout ratio is 16.02%.

Wall Street Analysts Forecast Growth

CB has been the topic of several research analyst reports. Barclays lowered their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JMP Securities restated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $295.73.

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.