Exeter Financial LLC Has $1.59 Million Stake in Chubb Limited (NYSE:CB)

Exeter Financial LLC raised its stake in Chubb Limited (NYSE:CB) by 0.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,763 shares of the financial services provider’s stock after acquiring an additional 45 shares during the quarter. Exeter Financial LLC’s holdings in Chubb were worth $1,592,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Parallel Advisors LLC grew its stake in shares of Chubb by 8.8% during the second quarter. Parallel Advisors LLC now owns 5,630 shares of the financial services provider’s stock worth $1,436,000 after buying an additional 454 shares during the last quarter. Wealthspire Advisors LLC grew its position in Chubb by 2.7% during the 2nd quarter. Wealthspire Advisors LLC now owns 3,678 shares of the financial services provider’s stock worth $938,000 after acquiring an additional 97 shares during the last quarter. Prosperity Consulting Group LLC increased its holdings in Chubb by 7.2% in the 2nd quarter. Prosperity Consulting Group LLC now owns 995 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 67 shares in the last quarter. Marble Harbor Investment Counsel LLC raised its position in Chubb by 0.4% in the second quarter. Marble Harbor Investment Counsel LLC now owns 13,431 shares of the financial services provider’s stock valued at $3,426,000 after purchasing an additional 50 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Chubb by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider’s stock worth $586,207,000 after purchasing an additional 160,335 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Price Performance

Shares of CB opened at $261.74 on Tuesday. The business’s fifty day moving average is $278.69 and its 200 day moving average is $278.09. Chubb Limited has a 12-month low of $226.06 and a 12-month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $105.51 billion, a P/E ratio of 10.72, a P/E/G ratio of 6.43 and a beta of 0.67.

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 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 firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same period last year, the company earned $4.95 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.39%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Piper Sandler raised their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Wells Fargo & Company lifted their price target on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 5th. Bank of America increased their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Jefferies Financial Group lifted their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, JPMorgan Chase & Co. upped their price target on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $288.39.

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.