Lederer & Associates Investment Counsel CA Sells 189 Shares of Chubb Limited (NYSE:CB)

Lederer & Associates Investment Counsel CA lessened its holdings in shares of Chubb Limited (NYSE:CB) by 2.5% during the 4th quarter, Holdings Channel.com reports. The fund owned 7,442 shares of the financial services provider’s stock after selling 189 shares during the period. Chubb comprises approximately 1.4% of Lederer & Associates Investment Counsel CA’s investment portfolio, making the stock its 15th biggest position. Lederer & Associates Investment Counsel CA’s holdings in Chubb were worth $2,056,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Continuum Advisory LLC grew its stake 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 worth $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. acquired a new stake in Chubb during the third quarter worth $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the third quarter worth $29,000. Raelipskie Partnership acquired a new stake in Chubb during the third quarter worth $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb during the third quarter worth $30,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $272.01 on Monday. 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 has a market cap of $109.65 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 7.45 and a beta of 0.67. The stock has a 50-day moving average of $275.16 and a 200-day moving average of $279.37. Chubb Limited has a one year low of $238.85 and a one year high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.86% and a net margin of 16.63%. As a group, sell-side analysts expect that Chubb Limited will post 22.86 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 given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on CB shares. Wells Fargo & Company decreased their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Barclays reduced 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, January 6th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Bank of America boosted their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $290.12.

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.