Chubb Limited (NYSE:CB) Shares Bought by Weybosset Research & Management LLC

Weybosset Research & Management LLC boosted its position in Chubb Limited (NYSE:CB) by 0.4% during the 4th quarter, HoldingsChannel reports. The firm owned 33,848 shares of the financial services provider’s stock after buying an additional 125 shares during the quarter. Chubb makes up about 3.2% of Weybosset Research & Management LLC’s investment portfolio, making the stock its 15th largest position. Weybosset Research & Management LLC’s holdings in Chubb were worth $9,352,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC bought a new position in Chubb in the 2nd quarter worth approximately $28,000. Continuum Advisory LLC boosted its holdings in shares of Chubb by 56.5% in the third 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 in the last quarter. Kozak & Associates Inc. acquired a new position in shares of Chubb during the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb in the third quarter worth about $29,000. Finally, Raelipskie Partnership acquired a new stake in Chubb during the third quarter valued at approximately $29,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on CB. Barclays cut their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday. Piper Sandler upped their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Jefferies Financial Group lifted their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Bank of America lifted their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Keefe, Bruyette & Woods lifted their price objective on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $286.58.

Chubb Price Performance

Shares of Chubb stock traded down $13.45 during trading on Friday, reaching $253.20. 1,774,264 shares of the company’s stock were exchanged, compared to its average volume of 1,791,977. The firm’s 50-day moving average price is $279.37 and its 200 day moving average price is $277.92. The company has a market cap of $102.06 billion, a P/E ratio of 10.37, a PEG ratio of 6.43 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 Limited has a 1-year low of $224.74 and a 1-year high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period last year, the company earned $4.95 EPS. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.44%. Chubb’s dividend payout ratio is currently 14.91%.

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.