Chubb Limited (NYSE:CB) is Confluence Investment Management LLC’s 3rd Largest Position

Confluence Investment Management LLC lowered its stake in shares of Chubb Limited (NYSE:CB) by 2.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 575,879 shares of the financial services provider’s stock after selling 11,510 shares during the quarter. Chubb comprises 2.2% of Confluence Investment Management LLC’s portfolio, making the stock its 3rd largest position. Confluence Investment Management LLC’s holdings in Chubb were worth $159,115,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of CB. Van ECK Associates Corp lifted its position in Chubb by 5.6% during the second quarter. Van ECK Associates Corp now owns 12,651 shares of the financial services provider’s stock valued at $3,227,000 after buying an additional 667 shares during the period. Crestwood Advisors Group LLC lifted its position in Chubb by 7.2% during the 2nd quarter. Crestwood Advisors Group LLC now owns 1,714 shares of the financial services provider’s stock valued at $437,000 after acquiring an additional 115 shares during the period. Versor Investments LP bought a new stake in Chubb during the second quarter worth about $777,000. Chilton Capital Management LLC purchased a new stake in Chubb in the second quarter worth about $26,000. Finally, Tortoise Investment Management LLC increased its stake in shares of Chubb by 83.0% during the second quarter. Tortoise Investment Management LLC now owns 183 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 83 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

CB stock traded down $3.66 during midday trading on Thursday, reaching $272.64. 166,789 shares of the company’s stock traded hands, compared to its average volume of 1,597,151. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52-week low of $222.85 and a 52-week high of $302.05. The stock has a market cap of $109.90 billion, a P/E ratio of 11.16, a PEG ratio of 6.43 and a beta of 0.67. The stock’s 50-day moving average is $281.62 and its 200 day moving average is $277.80.

Chubb (NYSE:CB) last posted its quarterly earnings data 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 return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the prior year, the business posted $4.95 EPS. Chubb’s revenue was up 5.5% on a year-over-year basis. As a group, analysts anticipate that Chubb Limited will post 21.82 EPS for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CB shares. Keefe, Bruyette & Woods boosted their price target on Chubb from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Friday, November 1st. Morgan Stanley lifted 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. JPMorgan Chase & Co. increased their target price on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Piper Sandler raised their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Finally, JMP Securities upped their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $287.37.

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.