Park National Corp OH Trims Position in Chubb Limited (NYSE:CB)

Park National Corp OH decreased its position in Chubb Limited (NYSE:CB) by 0.9% during the fourth quarter, Holdings Channel reports. The fund owned 11,573 shares of the financial services provider’s stock after selling 104 shares during the period. Park National Corp OH’s holdings in Chubb were worth $3,198,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of CB. Strategic Financial Concepts LLC bought a new position in shares of Chubb in the 2nd quarter worth approximately $28,000. Continuum Advisory LLC increased 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 buying an additional 35 shares during the last quarter. Kozak & Associates Inc. bought a new position in Chubb in the third quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb during the 3rd quarter worth $29,000. Finally, Raelipskie Partnership bought a new stake in shares of Chubb during the 3rd quarter valued at $29,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of Chubb stock opened at $268.26 on Wednesday. The firm has a market cap of $108.14 billion, a PE ratio of 10.99, a PEG ratio of 6.43 and a beta of 0.67. The stock has a 50 day moving average of $280.03 and a 200 day moving average of $278.08. 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 Limited has a 12 month low of $222.85 and a 12 month high of $302.05.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the company earned $4.95 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, research analysts expect that Chubb Limited will post 21.82 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.36%. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent research reports. JMP Securities raised their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company raised their price objective on Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. JPMorgan Chase & Co. boosted their price objective on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday. Finally, Jefferies Financial Group lifted their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $286.16.

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.