DB Fitzpatrick & Co Inc Sells 382 Shares of Chubb Limited (NYSE:CB)

DB Fitzpatrick & Co Inc trimmed its holdings in shares of Chubb Limited (NYSE:CB) by 6.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,452 shares of the financial services provider’s stock after selling 382 shares during the quarter. Chubb makes up about 1.4% of DB Fitzpatrick & Co Inc’s investment portfolio, making the stock its 19th largest holding. DB Fitzpatrick & Co Inc’s holdings in Chubb were worth $1,506,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Dakota Community Bank & Trust NA increased its stake in shares of Chubb by 11.0% in the 4th quarter. Dakota Community Bank & Trust NA now owns 454 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 45 shares in the last quarter. Brooklyn Investment Group grew its holdings in Chubb by 13.6% during the fourth quarter. Brooklyn Investment Group now owns 2,668 shares of the financial services provider’s stock valued at $737,000 after purchasing an additional 319 shares during the period. Somerset Trust Co increased its position in Chubb by 1.1% in the fourth quarter. Somerset Trust Co now owns 14,253 shares of the financial services provider’s stock worth $3,938,000 after buying an additional 158 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of Chubb by 47.5% in the fourth quarter. Merit Financial Group LLC now owns 9,067 shares of the financial services provider’s stock worth $2,505,000 after buying an additional 2,919 shares during the period. Finally, Boston Common Asset Management LLC lifted its position in shares of Chubb by 8.0% during the 4th quarter. Boston Common Asset Management LLC now owns 91,460 shares of the financial services provider’s stock valued at $25,270,000 after buying an additional 6,792 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on CB. Evercore ISI increased their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler raised their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. 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 report on Friday, January 10th. JPMorgan Chase & Co. raised their price target on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Finally, Barclays dropped their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $288.17.

Chubb Stock Performance

Chubb stock opened at $269.38 on Friday. Chubb Limited has a 1-year low of $226.74 and a 1-year high of $302.05. The company’s 50-day moving average is $278.13 and its 200 day moving average is $278.06. The firm has a market capitalization of $108.59 billion, a P/E ratio of 11.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

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

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 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.