Chubb Limited (NYSE:CB) Shares Sold by Clear Harbor Asset Management LLC

Clear Harbor Asset Management LLC lessened its stake in shares of Chubb Limited (NYSE:CB) by 0.6% in the 4th quarter, Holdings Channel reports. The firm owned 6,743 shares of the financial services provider’s stock after selling 40 shares during the period. Clear Harbor Asset Management LLC’s holdings in Chubb were worth $1,863,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Intech Investment Management LLC grew its holdings in shares of Chubb by 16.8% during the second quarter. Intech Investment Management LLC now owns 13,018 shares of the financial services provider’s stock worth $3,321,000 after buying an additional 1,876 shares in the last quarter. AE Wealth Management LLC boosted its stake in Chubb by 52.8% during the second quarter. AE Wealth Management LLC now owns 3,467 shares of the financial services provider’s stock worth $884,000 after buying an additional 1,198 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Chubb by 2.0% in the 2nd quarter. Pacer Advisors Inc. now owns 38,052 shares of the financial services provider’s stock valued at $9,706,000 after buying an additional 760 shares in the last quarter. Frank Rimerman Advisors LLC boosted its position in shares of Chubb by 11,560.0% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 4,081 shares of the financial services provider’s stock valued at $1,041,000 after acquiring an additional 4,046 shares during the last quarter. Finally, Gabelli Funds LLC boosted its position in shares of Chubb by 9.9% during the 2nd quarter. Gabelli Funds LLC now owns 10,005 shares of the financial services provider’s stock valued at $2,552,000 after acquiring an additional 900 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CB has been the topic of a number of analyst reports. Wells Fargo & Company reduced their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. increased their price objective on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Jefferies Financial Group lifted their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Piper Sandler increased their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $288.17.

Chubb Trading Down 1.5 %

Shares of NYSE:CB opened at $269.38 on Tuesday. The company has a market cap of $108.59 billion, a PE ratio of 11.03, a P/E/G ratio of 5.65 and a beta of 0.67. The company’s 50 day moving average is $277.89 and its two-hundred day moving average is $278.49. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52 week low of $226.74 and a 52 week high of $302.05.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $4.95 earnings per share. Equities analysts predict that Chubb Limited will post 21.93 earnings per share for the current fiscal year.

Chubb Dividend Announcement

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

About Chubb

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.