Anchor Capital Advisors LLC Lowers Stake in Chubb Limited (NYSE:CB)

Anchor Capital Advisors LLC lessened its holdings in Chubb Limited (NYSE:CB) by 2.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 78,667 shares of the financial services provider’s stock after selling 2,380 shares during the quarter. Anchor Capital Advisors LLC’s holdings in Chubb were worth $21,736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Continuum Advisory LLC increased its holdings in shares of 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 acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb during the 3rd quarter valued at about $29,000. Raelipskie Partnership bought a new stake in Chubb during the 3rd quarter valued at about $29,000. Sierra Ocean LLC bought a new stake in Chubb during the 4th quarter valued at about $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb in the third quarter worth about $30,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CB shares. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods increased their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $295.73.

Chubb Trading Up 3.0 %

Chubb stock opened at $281.99 on Friday. The business has a 50-day simple moving average of $270.77 and a two-hundred day simple moving average of $279.61. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a market cap of $113.67 billion, a P/E ratio of 12.41, a P/E/G ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last announced its 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 net margin of 16.63% and a return on equity of 13.75%. Analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.29%. Chubb’s dividend payout ratio (DPR) is 16.02%.

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.