Carnegie Investment Counsel Trims Position in Chubb Limited (NYSE:CB)

Carnegie Investment Counsel decreased its holdings in Chubb Limited (NYSE:CB) by 1.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 46,862 shares of the financial services provider’s stock after selling 510 shares during the quarter. Carnegie Investment Counsel’s holdings in Chubb were worth $12,948,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CB. Continuum Advisory LLC boosted its position in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Kozak & Associates Inc. bought a new stake in shares of Chubb during the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb during the third quarter valued at approximately $29,000. Raelipskie Partnership purchased a new stake in Chubb in the third quarter worth $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb in the third quarter worth $30,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

CB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Morgan Stanley upped their price objective 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. Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Bank of America upped 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. lifted their price objective on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $288.17.

Chubb Stock Performance

Shares of CB stock opened at $273.49 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a 50 day moving average price of $278.22 and a 200-day moving average price of $278.09. Chubb Limited has a 52 week low of $226.74 and a 52 week high of $302.05. The firm has a market capitalization of $110.25 billion, a PE ratio of 11.20, a P/E/G ratio of 5.65 and a beta of 0.67.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $4.95 EPS. As a group, equities research analysts expect that Chubb Limited will post 21.93 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is 14.91%.

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.