New England Research & Management Inc. Has $1.72 Million Stock Position in Chubb Limited $CB

New England Research & Management Inc. increased its stake in Chubb Limited (NYSE:CB) by 41.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,075 shares of the financial services provider’s stock after purchasing an additional 1,793 shares during the quarter. New England Research & Management Inc.’s holdings in Chubb were worth $1,715,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Chubb in the second quarter worth approximately $1,195,137,000. Bank of America Corp DE grew its position in Chubb by 11.6% during the 2nd quarter. Bank of America Corp DE now owns 4,929,858 shares of the financial services provider’s stock worth $1,428,278,000 after purchasing an additional 513,852 shares in the last quarter. London Co. of Virginia raised its stake in Chubb by 211.0% during the 2nd quarter. London Co. of Virginia now owns 737,090 shares of the financial services provider’s stock valued at $213,559,000 after purchasing an additional 500,116 shares during the period. Altrinsic Global Advisors LLC lifted its holdings in shares of Chubb by 46.9% in the second quarter. Altrinsic Global Advisors LLC now owns 1,392,846 shares of the financial services provider’s stock valued at $403,535,000 after purchasing an additional 444,557 shares in the last quarter. Finally, Troy Asset Management Ltd boosted its position in shares of Chubb by 89.1% in the second quarter. Troy Asset Management Ltd now owns 793,427 shares of the financial services provider’s stock worth $229,872,000 after buying an additional 373,872 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CB shares. Mizuho set a $318.00 price objective on Chubb in a research report on Monday. Wells Fargo & Company raised their price target on shares of Chubb from $277.00 to $293.00 and gave the stock an “equal weight” rating in a report on Thursday, October 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating on shares of Chubb in a research report on Wednesday, December 10th. Citigroup upped their price objective on shares of Chubb from $331.00 to $335.00 and gave the company a “buy” rating in a research note on Tuesday, December 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Chubb in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and an average target price of $310.70.

Chubb Price Performance

NYSE CB opened at $312.58 on Tuesday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $123.02 billion, a PE ratio of 13.05, a price-to-earnings-growth ratio of 3.52 and a beta of 0.51. Chubb Limited has a 12-month low of $252.16 and a 12-month high of $313.04. The company has a 50 day moving average price of $288.79 and a two-hundred day moving average price of $282.27.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 earnings per share for the quarter, beating analysts’ consensus estimates of $5.51 by $1.98. The business had revenue of $16.15 billion for the quarter, compared to the consensus estimate of $12.95 billion. Chubb had a net margin of 16.53% and a return on equity of 12.93%. Chubb’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter last year, the firm earned $5.72 EPS. As a group, equities analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Friday, December 12th will be paid a dividend of $0.97 per share. This represents a $3.88 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, December 12th. Chubb’s dividend payout ratio is 16.19%.

Insider Activity

In other Chubb news, EVP Joseph F. Wayland sold 5,830 shares of the stock in a transaction that occurred on Thursday, November 13th. The stock was sold at an average price of $297.08, for a total transaction of $1,731,976.40. Following the transaction, the executive vice president owned 60,593 shares in the company, valued at $18,000,968.44. This trade represents a 8.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Timothy Alan Boroughs sold 10,580 shares of the company’s stock in a transaction on Monday, November 24th. The stock was sold at an average price of $296.17, for a total transaction of $3,133,478.60. Following the sale, the executive vice president directly owned 12,660 shares of the company’s stock, valued at approximately $3,749,512.20. This represents a 45.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 57,333 shares of company stock valued at $16,629,873. Insiders own 0.86% of the company’s stock.

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.