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

Chesley Taft & Associates LLC increased its holdings in Chubb Limited (NYSE:CB) by 0.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 99,281 shares of the financial services provider’s stock after buying 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 biggest position. Chesley Taft & Associates LLC’s holdings in Chubb were worth $27,431,000 as of its most recent SEC filing.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Barclays cut their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Morgan Stanley boosted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. 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 report on Tuesday, January 14th. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Chubb currently has an average rating of “Hold” and a consensus target price of $288.17.

Chubb Stock Down 1.5 %

Chubb stock opened at $269.38 on Tuesday. Chubb Limited has a 12 month low of $226.74 and a 12 month high of $302.05. The stock has a fifty day simple moving average of $277.67 and a two-hundred day simple moving average of $278.60. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market cap of $108.59 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 7.27 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the business posted $4.95 earnings per share. Equities analysts predict that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. 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 (DPR) 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.