NorthCrest Asset Manangement LLC Has $31.74 Million Stake in Chubb Limited (NYSE:CB)

NorthCrest Asset Manangement LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 0.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 110,073 shares of the financial services provider’s stock after selling 65 shares during the quarter. Chubb comprises 1.0% of NorthCrest Asset Manangement LLC’s holdings, making the stock its 20th largest position. NorthCrest Asset Manangement LLC’s holdings in Chubb were worth $31,744,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ironwood Investment Counsel LLC grew its position in Chubb by 2.1% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after acquiring an additional 35 shares during the last quarter. Continuum Advisory LLC increased 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 valued at $28,000 after buying an additional 35 shares in the last quarter. First Financial Bank Trust Division raised its holdings in shares of Chubb by 3.7% in the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock valued at $283,000 after buying an additional 37 shares during the last quarter. LVW Advisors LLC lifted its position in Chubb by 0.3% during the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after buying an additional 40 shares in the last quarter. Finally, Wealth Effects LLC grew its holdings in Chubb by 3.0% during the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after acquiring an additional 40 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CB shares. Piper Sandler upped their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. JMP Securities upped their price objective on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Morgan Stanley lifted their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $286.58.

Chubb Trading Down 5.4 %

NYSE:CB traded down $14.28 on Friday, reaching $252.37. The company’s stock had a trading volume of 1,921,406 shares, compared to its average volume of 1,817,594. Chubb Limited has a 1-year low of $224.74 and a 1-year high of $302.05. The business’s 50-day moving average price is $279.37 and its two-hundred day moving average price is $277.92. The firm has a market cap of $101.73 billion, a PE ratio of 10.33, a PEG ratio of 6.43 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28.

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

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.44%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is 14.91%.

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.