Chubb Limited (NYSE:CB) Shares Bought by Sunflower Bank N.A.

Sunflower Bank N.A. boosted its stake in Chubb Limited (NYSE:CB) by 5.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 867 shares of the financial services provider’s stock after acquiring an additional 43 shares during the period. Sunflower Bank N.A.’s holdings in Chubb were worth $240,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Continuum Advisory LLC raised its holdings in shares of Chubb by 56.5% in 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 during the period. Kozak & Associates Inc. purchased a new stake in Chubb during the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb in the 3rd quarter worth about $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb during the 3rd quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb during the third quarter worth about $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. JMP Securities raised their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Jefferies Financial Group raised their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. 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 research report on Friday, October 4th. Bank of America lifted their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. 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 analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus target price of $288.39.

Chubb Price Performance

CB stock traded up $4.03 during midday trading on Monday, reaching $261.74. The company had a trading volume of 3,101,413 shares, compared to its average volume of 2,341,403. The company has a market capitalization 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. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a 1 year low of $226.06 and a 1 year high of $302.05. The firm has a 50-day moving average price of $278.98 and a 200-day moving average price of $278.09.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping 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 company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the previous year, the firm earned $4.95 earnings per share. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Chubb 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.