Equitable Trust Co. Has $311,000 Stock Holdings in Chubb Limited (NYSE:CB)

Equitable Trust Co. boosted its stake in Chubb Limited (NYSE:CB) by 12.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,124 shares of the financial services provider’s stock after purchasing an additional 126 shares during the period. Equitable Trust Co.’s holdings in Chubb were worth $311,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in CB. Continuum Advisory LLC lifted its stake in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. acquired a new position in Chubb in the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the 3rd quarter worth about $29,000. Raelipskie Partnership bought a new position in Chubb in the third quarter valued at about $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb in the 3rd quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $267.95 on Wednesday. The firm has a 50 day moving average of $273.04 and a 200-day moving average of $279.84. The company has a market cap of $108.01 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. 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 52 week low of $238.85 and a 52 week high of $302.05.

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

Chubb Announces Dividend

The firm also recently disclosed 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 1.36%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 16.02%.

Analysts Set New Price Targets

A number of research firms have weighed in on CB. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Morgan Stanley boosted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JMP Securities reiterated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Finally, Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two equities research 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’s stock. According to MarketBeat.com, Chubb has an average 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.