Chesley Taft & Associates LLC Grows Holdings in Chubb Limited (NYSE:CB)

Chesley Taft & Associates LLC raised its position in shares of Chubb Limited (NYSE:CB) by 0.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 99,281 shares of the financial services provider’s stock after purchasing an additional 696 shares during the period. Chubb accounts for 1.3% of Chesley Taft & Associates LLC’s investment portfolio, making the stock its 23rd largest holding. Chesley Taft & Associates LLC’s holdings in Chubb were worth $27,431,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Aspiriant LLC bought a new position in shares of Chubb in the fourth quarter worth about $236,000. Crossmark Global Holdings Inc. lifted its holdings in Chubb by 104.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 45,082 shares of the financial services provider’s stock worth $12,456,000 after purchasing an additional 23,054 shares in the last quarter. Mitchell & Pahl Private Wealth LLC boosted its stake in Chubb by 6.4% in the 4th quarter. Mitchell & Pahl Private Wealth LLC now owns 7,208 shares of the financial services provider’s stock worth $1,992,000 after purchasing an additional 432 shares during the period. ZWJ Investment Counsel Inc. grew its holdings in Chubb by 2.1% during the 4th quarter. ZWJ Investment Counsel Inc. now owns 180,784 shares of the financial services provider’s stock valued at $49,951,000 after buying an additional 3,701 shares in the last quarter. Finally, New Hampshire Trust raised its position in shares of Chubb by 1.1% during the fourth quarter. New Hampshire Trust now owns 14,338 shares of the financial services provider’s stock valued at $3,962,000 after buying an additional 149 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CB shares. Evercore ISI upped their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Bank of America increased their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. JPMorgan Chase & Co. lifted their target price on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Keefe, Bruyette & Woods increased their price target on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Finally, Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, ten 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, the stock has a consensus rating of “Hold” and a consensus target price of $288.17.

Chubb Stock Performance

Chubb stock opened at $269.38 on Tuesday. The firm has a market capitalization of $108.59 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 7.27 and a beta of 0.67. The company’s 50-day moving average is $277.67 and its 200 day moving average is $278.60. Chubb Limited has a 1-year low of $226.74 and a 1-year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion for 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%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm posted $4.95 earnings per share. Research analysts forecast that Chubb Limited will post 21.95 EPS for the current year.

Chubb Dividend Announcement

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

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.