Bristlecone Advisors LLC Has $3.55 Million Position in Chubb Limited (NYSE:CB)

Bristlecone Advisors LLC trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 0.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,864 shares of the financial services provider’s stock after selling 70 shares during the period. Bristlecone Advisors LLC’s holdings in Chubb were worth $3,554,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. FMR LLC lifted its stake in shares of Chubb by 7.3% during the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after buying an additional 1,052,999 shares during the last quarter. Barclays PLC lifted its position in Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after acquiring an additional 388,746 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its holdings in shares of Chubb by 49.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after acquiring an additional 389,343 shares during the period. International Assets Investment Management LLC grew its position in shares of Chubb by 28,885.3% in the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after purchasing an additional 931,841 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of Chubb by 0.8% during the third quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider’s stock worth $266,940,000 after purchasing an additional 7,462 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 1.0 %

NYSE CB opened at $270.14 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The stock’s 50-day simple moving average is $273.52 and its two-hundred day simple moving average is $279.67. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a market capitalization of $108.89 billion, a price-to-earnings ratio of 11.89, a PEG ratio of 3.41 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, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Research analysts forecast that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. Chubb’s dividend payout ratio is currently 16.02%.

Analyst Ratings Changes

A number of research firms recently commented on CB. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Finally, Wells Fargo & Company dropped their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $295.73.

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.