Clean Yield Group Buys 43 Shares of Chubb Limited (NYSE:CB)

Clean Yield Group raised its stake in shares of Chubb Limited (NYSE:CB) by 29.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 191 shares of the financial services provider’s stock after buying an additional 43 shares during the quarter. Clean Yield Group’s holdings in Chubb were worth $53,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Continuum Advisory LLC increased its holdings in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. acquired a new position in shares of Chubb during the third quarter worth about $29,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Chubb during the third quarter worth about $29,000. Raelipskie Partnership acquired a new stake in Chubb in the 3rd quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb in the 3rd quarter valued at approximately $30,000. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Wells Fargo & Company raised their target price on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Piper Sandler boosted their price target 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. Jefferies Financial Group increased their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $288.39.

Chubb Stock Performance

CB traded up $3.22 during trading hours on Monday, hitting $260.93. The stock had a trading volume of 1,644,082 shares, compared to its average volume of 2,119,459. Chubb Limited has a 1 year low of $226.06 and a 1 year high of $302.05. The company’s fifty day simple moving average is $278.98 and its 200 day simple moving average is $278.09. The stock has a market cap of $105.18 billion, a PE ratio of 10.69, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its 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 net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter in the previous year, the firm posted $4.95 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is presently 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.