Saxon Interests Inc. Boosts Position in Chubb Limited (NYSE:CB)

Saxon Interests Inc. lifted its position in Chubb Limited (NYSE:CB) by 9.5% in the fourth quarter, HoldingsChannel reports. The firm owned 4,876 shares of the financial services provider’s stock after buying an additional 423 shares during the period. Saxon Interests Inc.’s holdings in Chubb were worth $1,347,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the company. Argent Trust Co increased its position in shares of Chubb by 1.5% during the second quarter. Argent Trust Co now owns 8,393 shares of the financial services provider’s stock valued at $2,141,000 after acquiring an additional 125 shares during the last quarter. Blair William & Co. IL increased its holdings in Chubb by 53.1% in the 2nd quarter. Blair William & Co. IL now owns 55,576 shares of the financial services provider’s stock valued at $14,176,000 after purchasing an additional 19,268 shares during the last quarter. Paces Ferry Wealth Advisors LLC raised its position in Chubb by 3.3% in the second quarter. Paces Ferry Wealth Advisors LLC now owns 1,585 shares of the financial services provider’s stock valued at $404,000 after purchasing an additional 50 shares during the period. XTX Topco Ltd acquired a new position in Chubb during the second quarter worth $3,327,000. Finally, Intech Investment Management LLC grew its stake in shares of Chubb by 16.8% in the second quarter. Intech Investment Management LLC now owns 13,018 shares of the financial services provider’s stock valued at $3,321,000 after buying an additional 1,876 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the subject of a number of research analyst reports. Evercore ISI raised their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company dropped their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday. Bank of America increased their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. JMP Securities boosted 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. Finally, JPMorgan Chase & Co. increased 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 analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and a consensus target price of $288.17.

Chubb Price Performance

Shares of NYSE CB opened at $274.30 on Friday. The stock has a fifty day moving average price of $278.22 and a 200 day moving average price of $278.09. Chubb Limited has a 1-year low of $226.74 and a 1-year high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The company has a market cap of $110.57 billion, a PE ratio of 11.22, a P/E/G ratio of 5.65 and a beta of 0.67.

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

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. 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 currently 14.91%.

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.