Plimoth Trust Co. LLC Sells 74 Shares of Chubb Limited (NYSE:CB)

Plimoth Trust Co. LLC cut its holdings in Chubb Limited (NYSE:CB) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,960 shares of the financial services provider’s stock after selling 74 shares during the period. Chubb makes up 1.1% of Plimoth Trust Co. LLC’s investment portfolio, making the stock its 23rd biggest holding. Plimoth Trust Co. LLC’s holdings in Chubb were worth $4,410,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ironwood Investment Counsel LLC boosted its holdings in Chubb by 2.1% during the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after acquiring an additional 35 shares during the period. Continuum Advisory LLC boosted its holdings in Chubb by 56.5% during 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 during the period. First Financial Bank Trust Division boosted its holdings in Chubb by 3.7% during the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 37 shares during the period. LVW Advisors LLC boosted its holdings in Chubb by 0.3% during the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock valued at $3,390,000 after acquiring an additional 40 shares during the period. Finally, Wealth Effects LLC boosted its holdings in Chubb by 3.0% during the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock valued at $395,000 after acquiring an additional 40 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

Shares of NYSE:CB traded up $7.11 on Wednesday, reaching $279.38. 450,155 shares of the company’s stock were exchanged, compared to its average volume of 1,909,802. The company has a fifty day moving average of $275.77 and a 200-day moving average of $279.22. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a market capitalization of $112.62 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 7.23 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. On average, research analysts predict that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.30%. Chubb’s dividend payout ratio is currently 14.91%.

Analyst Ratings Changes

CB has been the subject of a number of recent analyst reports. Piper Sandler upped their price target on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. JPMorgan Chase & Co. lifted their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday. Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Bank of America lifted their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, 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. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb currently has a consensus rating of “Hold” and a consensus target price of $288.39.

About Chubb

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.