300 Shares in Chubb Limited (NYSE:CB) Acquired by Berbice Capital Management LLC

Berbice Capital Management LLC acquired a new position in Chubb Limited (NYSE:CB) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 300 shares of the financial services provider’s stock, valued at approximately $83,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Continuum Advisory LLC boosted its stake 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 purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. bought a new position in Chubb during the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd bought a new position in Chubb during the 3rd quarter valued at $29,000. Raelipskie Partnership bought a new position in Chubb during the 3rd quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb during the 3rd quarter valued at $30,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Down 0.7 %

CB stock opened at $266.49 on Friday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a market cap of $107.42 billion, a PE ratio of 10.95, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. The business’s 50-day simple moving average is $277.08 and its 200 day simple moving average is $278.64. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its quarterly 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 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 company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company earned $4.95 earnings per share. On average, research analysts anticipate that Chubb Limited will post 21.95 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. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CB. Jefferies Financial Group increased their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. 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 report on Friday, January 3rd. Bank of America increased their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. JMP Securities increased their price objective on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Two research analysts have rated the stock with a sell rating, ten have given 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.com, the stock currently has an average rating of “Hold” and a consensus target price of $288.17.

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.