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

Perkins Coie Trust Co trimmed its position in shares of Chubb Limited (NYSE:CB) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. 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 portfolio, making the stock its 27th biggest holding. 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 bought and sold shares of CB. Sandy Cove Advisors LLC grew its stake in Chubb by 6.7% in the 4th quarter. Sandy Cove Advisors LLC now owns 2,070 shares of the financial services provider’s stock valued at $572,000 after acquiring an additional 130 shares during the last quarter. Bowman & Co S.C. lifted its holdings in shares of Chubb by 1.7% in the fourth quarter. Bowman & Co S.C. now owns 8,374 shares of the financial services provider’s stock valued at $2,314,000 after purchasing an additional 139 shares in the last quarter. Moss Adams Wealth Advisors LLC lifted its holdings in shares of Chubb by 11.3% in the fourth quarter. Moss Adams Wealth Advisors LLC now owns 942 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 96 shares in the last quarter. Astoria Portfolio Advisors LLC. increased its stake in shares of Chubb by 5.2% during the 4th quarter. Astoria Portfolio Advisors LLC. now owns 3,210 shares of the financial services provider’s stock worth $852,000 after purchasing an additional 159 shares in the last quarter. Finally, HB Wealth Management LLC raised its position in shares of Chubb by 3.8% during the 4th quarter. HB Wealth Management LLC now owns 32,749 shares of the financial services provider’s stock worth $9,048,000 after purchasing an additional 1,193 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of analyst reports. Bank of America increased their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Evercore ISI boosted their target price on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their price target 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, Wells Fargo & Company lowered their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $288.17.

Chubb Stock Performance

Chubb stock opened at $269.38 on Friday. The company has a market cap 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. Chubb Limited has a 12 month low of $226.74 and a 12 month 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. The stock’s 50-day moving average is $277.89 and its 200-day moving average is $278.16.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter last year, the firm posted $4.95 earnings per share. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. Equities analysts anticipate that Chubb Limited will post 21.93 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. 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.