Chubb Limited (NYSE:CB) Shares Bought by Rockland Trust Co.

Rockland Trust Co. raised its stake in shares of Chubb Limited (NYSE:CB) by 1.5% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 120,378 shares of the financial services provider’s stock after buying an additional 1,833 shares during the period. Chubb comprises about 1.7% of Rockland Trust Co.’s portfolio, making the stock its 18th largest holding. Rockland Trust Co.’s holdings in Chubb were worth $33,260,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of CB. Fifth Third Wealth Advisors LLC grew its position in Chubb by 22.0% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 8,667 shares of the financial services provider’s stock valued at $2,395,000 after buying an additional 1,563 shares during the period. Bright Rock Capital Management LLC grew its position in shares of Chubb by 28.6% during the 4th quarter. Bright Rock Capital Management LLC now owns 45,000 shares of the financial services provider’s stock valued at $12,434,000 after acquiring an additional 10,000 shares during the period. Pacifica Partners Inc. increased its stake in shares of Chubb by 9.0% in the 4th quarter. Pacifica Partners Inc. now owns 850 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 70 shares in the last quarter. 180 Wealth Advisors LLC purchased a new position in shares of Chubb in the 4th quarter valued at about $542,000. Finally, Rosenberg Matthew Hamilton raised its holdings in Chubb by 91.6% in the 4th quarter. Rosenberg Matthew Hamilton now owns 320 shares of the financial services provider’s stock worth $88,000 after purchasing an additional 153 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

Shares of CB stock opened at $265.54 on Wednesday. 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 capitalization of $107.04 billion, a PE ratio of 10.87, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The firm’s 50-day moving average is $278.46 and its two-hundred day moving average is $278.16. Chubb Limited has a 12 month low of $226.06 and a 12 month high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the prior year, the firm posted $4.95 earnings per share. Analysts predict that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Wall Street Analyst Weigh In

Several analysts have commented on CB shares. JPMorgan Chase & Co. boosted their price objective on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Barclays cut their price target 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. Morgan Stanley increased their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Piper Sandler boosted their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Finally, Evercore ISI raised their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, Chubb has a consensus rating of “Hold” and a consensus target price of $288.17.

Chubb Company 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.