Manning & Napier Advisors LLC Has $4.31 Million Stock Holdings in Chubb Limited (NYSE:CB)

Manning & Napier Advisors LLC lowered its stake in Chubb Limited (NYSE:CB) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 15,582 shares of the financial services provider’s stock after selling 2,044 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Chubb were worth $4,305,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Swedbank AB raised its position in Chubb by 2.6% during the fourth quarter. Swedbank AB now owns 266,074 shares of the financial services provider’s stock worth $73,516,000 after acquiring an additional 6,786 shares in the last quarter. Field & Main Bank increased its stake in shares of Chubb by 1.5% during the 4th quarter. Field & Main Bank now owns 5,201 shares of the financial services provider’s stock worth $1,437,000 after purchasing an additional 78 shares during the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in shares of Chubb by 8.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 683,340 shares of the financial services provider’s stock valued at $188,807,000 after purchasing an additional 56,045 shares during the period. Orca Wealth Management LLC acquired a new stake in Chubb in the 4th quarter valued at about $3,235,000. Finally, Perigon Wealth Management LLC grew its holdings in Chubb by 8.3% during the fourth quarter. Perigon Wealth Management LLC now owns 8,054 shares of the financial services provider’s stock worth $2,203,000 after purchasing an additional 618 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $276.05 on Thursday. The business’s 50-day moving average price is $275.77 and its 200-day moving average price is $279.22. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. 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 capitalization of $111.27 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Equities research analysts forecast that Chubb Limited will post 21.95 EPS for the current year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.32%. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Wall Street Analyst Weigh In

CB has been the topic of several research reports. Jefferies Financial Group upped their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Barclays cut their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Bank of America upped their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, JMP Securities reiterated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday. 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus 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.