Chubb Limited (NYSE:CB) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC cut its stake in Chubb Limited (NYSE:CB) by 1.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 3,688 shares of the financial services provider’s stock after selling 65 shares during the quarter. Harbour Capital Advisors LLC’s holdings in Chubb were worth $1,002,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of CB. FMR LLC raised its position in Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Chubb by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock valued at $1,258,202,000 after buying an additional 63,891 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Chubb by 2.9% during the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock worth $938,663,000 after buying an additional 104,986 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Chubb by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider’s stock worth $586,207,000 after buying an additional 160,335 shares during the last quarter. Finally, Barclays PLC increased its position in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after acquiring an additional 388,746 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 1.2 %

Shares of CB traded up $3.22 on Monday, hitting $260.93. 1,644,082 shares of the stock traded hands, compared to its average volume of 2,119,459. Chubb Limited has a 1 year low of $226.06 and a 1 year high of $302.05. The stock’s 50 day moving average is $278.98 and its two-hundred day moving average is $278.09. The firm has a market capitalization of $105.18 billion, a P/E ratio of 10.69, a P/E/G ratio of 6.43 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.95 EPS. As a group, sell-side analysts predict that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.40%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 14.91%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on CB shares. Piper Sandler increased their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. JMP Securities lifted their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Evercore ISI raised 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. Wells Fargo & Company boosted their price target on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. boosted their target price on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus price target 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.