Howland Capital Management LLC Sells 3,050 Shares of Chubb Limited (NYSE:CB)

Howland Capital Management LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 3.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 97,672 shares of the financial services provider’s stock after selling 3,050 shares during the quarter. Chubb comprises about 1.2% of Howland Capital Management LLC’s investment portfolio, making the stock its 26th largest position. Howland Capital Management LLC’s holdings in Chubb were worth $27,075,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Quotient Wealth Partners LLC grew its position in shares of Chubb by 16.9% during the 4th quarter. Quotient Wealth Partners LLC now owns 1,363 shares of the financial services provider’s stock worth $377,000 after buying an additional 197 shares during the period. AlphaStar Capital Management LLC grew its position in shares of Chubb by 395.4% during the 4th quarter. AlphaStar Capital Management LLC now owns 5,008 shares of the financial services provider’s stock worth $1,384,000 after buying an additional 3,997 shares during the period. WestEnd Advisors LLC grew its position in shares of Chubb by 5,286,133.3% during the 4th quarter. WestEnd Advisors LLC now owns 158,587 shares of the financial services provider’s stock worth $43,817,000 after buying an additional 158,584 shares during the period. Stoneridge Investment Partners LLC acquired a new position in shares of Chubb during the 4th quarter worth about $7,648,000. Finally, WCM Investment Management LLC grew its position in shares of Chubb by 77.7% during the 4th quarter. WCM Investment Management LLC now owns 7,399 shares of the financial services provider’s stock worth $2,038,000 after buying an additional 3,235 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Down 1.0 %

Shares of Chubb stock opened at $270.14 on Friday. The business has a fifty day simple moving average of $273.52 and a two-hundred day simple moving average of $279.55. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The company has a market capitalization of $108.89 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 3.41 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Research analysts forecast that Chubb Limited will post 21.66 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders 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 dividend yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 16.02%.

Analyst Ratings Changes

CB has been the subject of a number of research reports. Wells Fargo & Company lowered their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Evercore ISI increased their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods increased their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $295.73.

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.