Chubb Limited (NYSE:CB) Shares Purchased by Perigon Wealth Management LLC

Perigon Wealth Management LLC increased its position in shares of Chubb Limited (NYSE:CB) by 8.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 8,054 shares of the financial services provider’s stock after purchasing an additional 618 shares during the quarter. Perigon Wealth Management LLC’s holdings in Chubb were worth $2,203,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC increased its position in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares in the last quarter. Kozak & Associates Inc. purchased a new position in Chubb during the third quarter worth $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the third quarter worth $29,000. Raelipskie Partnership purchased a new position in Chubb during the third quarter worth $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the third quarter worth $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Up 1.4 %

Shares of CB opened at $276.05 on Thursday. The stock has a market cap of $111.27 billion, a PE ratio of 11.30, a P/E/G ratio of 7.23 and a beta of 0.67. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock’s 50-day moving average is $275.77 and its two-hundred day moving average is $279.22.

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

Chubb Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 1.32%. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Analysts Set New Price Targets

Several research firms have weighed in on CB. Barclays dropped their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Morgan Stanley raised their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Jefferies Financial Group lifted their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Piper Sandler lifted their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $288.39.

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.