Chubb Limited (NYSE:CB) Shares Sold by Perkins Coie Trust Co

Perkins Coie Trust Co lowered its position in Chubb Limited (NYSE:CB) by 0.7% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 18,498 shares of the financial services provider’s stock after selling 130 shares during the quarter. Chubb makes up 1.1% of Perkins Coie Trust Co’s investment portfolio, making the stock its 27th biggest position. Perkins Coie Trust Co’s holdings in Chubb were worth $5,111,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of Chubb by 57.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after buying an additional 130,629 shares during the last quarter. Czech National Bank increased its position in shares of Chubb by 6.2% in the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after purchasing an additional 4,757 shares during the last quarter. Barclays PLC increased its position in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Moloney Securities Asset Management LLC lifted its position in shares of Chubb by 97.9% during the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 1,905 shares during the last quarter. Finally, Savvy Advisors Inc. acquired a new position in Chubb in the third quarter worth about $721,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Down 1.5 %

CB stock opened at $269.38 on Friday. Chubb Limited has a 52 week low of $226.74 and a 52 week high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $108.59 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67. The firm’s 50-day moving average is $277.89 and its two-hundred day moving average is $278.16.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (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 analyst estimates of $14.16 billion. During the same period last year, the company posted $4.95 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. On average, analysts forecast that Chubb Limited will post 21.93 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Analyst Ratings Changes

Several analysts have issued reports on CB shares. Piper Sandler upped their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Morgan Stanley raised their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus price target of $288.17.

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.