Davidson Trust Co. Grows Stake in Chubb Limited (NYSE:CB)

Davidson Trust Co. boosted its position in Chubb Limited (NYSE:CB) by 4.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,178 shares of the financial services provider’s stock after purchasing an additional 313 shares during the period. Chubb comprises 1.2% of Davidson Trust Co.’s investment portfolio, making the stock its 21st biggest position. Davidson Trust Co.’s holdings in Chubb were worth $2,260,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Continuum Advisory LLC lifted its stake in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb in the third quarter worth $29,000. Raelipskie Partnership acquired a new position in shares of Chubb in the third quarter worth $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb in the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Chubb during the third quarter valued at $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 1.2 %

Shares of NYSE:CB opened at $264.49 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The stock has a 50-day simple moving average of $271.54 and a 200-day simple moving average of $279.63. The stock has a market capitalization of $106.62 billion, a P/E ratio of 11.64, a PEG ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts forecast that Chubb Limited will post 21.66 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 16.02%.

Analyst Upgrades and Downgrades

CB has been the subject of several analyst reports. JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Morgan Stanley lifted their price target 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. Evercore ISI lifted their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company lowered their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $295.73.

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.