Chubb Limited (NYSE:CB) Stock Position Lessened by First County Bank CT

First County Bank CT lessened its stake in shares of Chubb Limited (NYSE:CB) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,650 shares of the financial services provider’s stock after selling 142 shares during the quarter. First County Bank CT’s holdings in Chubb were worth $456,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CB. Strategic Financial Concepts LLC acquired a new stake in Chubb during the second quarter valued at approximately $28,000. Continuum Advisory LLC lifted its position in shares of Chubb by 56.5% during 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 stake in shares of Chubb during the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb during the 3rd quarter worth $29,000. Finally, Raelipskie Partnership acquired a new stake in shares of Chubb during the third quarter worth $29,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 0.5 %

Shares of NYSE CB traded up $1.40 during mid-day trading on Tuesday, reaching $268.71. 784,644 shares of the company traded hands, compared to its average volume of 1,359,180. The company’s fifty day moving average is $280.41 and its two-hundred day moving average is $278.05. 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 Limited has a fifty-two week low of $222.85 and a fifty-two week high of $302.05. The stock has a market cap of $108.32 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.95 earnings per share. On average, analysts expect that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 14.91%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Evercore ISI raised their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. 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 report on Monday. Piper Sandler increased their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods lifted their price target on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group increased their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and an average target price of $286.16.

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.