Eagle Ridge Investment Management Lowers Holdings in Chubb Limited (NYSE:CB)

Eagle Ridge Investment Management decreased its holdings in Chubb Limited (NYSE:CB) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 89,285 shares of the financial services provider’s stock after selling 543 shares during the quarter. Chubb makes up 2.2% of Eagle Ridge Investment Management’s holdings, making the stock its 17th biggest holding. Eagle Ridge Investment Management’s holdings in Chubb were worth $24,669,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Continuum Advisory LLC raised its holdings in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the period. Kozak & Associates Inc. acquired a new position in Chubb in the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb during the third quarter valued at approximately $29,000. Raelipskie Partnership acquired a new position in shares of Chubb during the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 0.0 %

Shares of Chubb stock opened at $272.79 on Friday. The firm has a market capitalization of $109.96 billion, a price-to-earnings ratio of 12.01, a PEG ratio of 3.35 and a beta of 0.67. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a 50 day moving average of $274.24 and a 200 day moving average of $279.54.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping 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%. As a group, research analysts predict that Chubb Limited will post 21.91 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.33%. Chubb’s payout ratio is 16.02%.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods increased their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Wells Fargo & Company reduced their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Evercore ISI increased their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $295.73.

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.