Chubb Limited (NYSE:CB) Shares Purchased by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. grew its position in shares of Chubb Limited (NYSE:CB) by 1.8% during the fourth quarter, Holdings Channel reports. The firm owned 92,794 shares of the financial services provider’s stock after acquiring an additional 1,674 shares during the quarter. Chubb makes up approximately 1.2% of ST Germain D J Co. Inc.’s portfolio, making the stock its 18th biggest holding. ST Germain D J Co. Inc.’s holdings in Chubb were worth $25,639,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its holdings in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after buying an additional 1,052,999 shares during the period. Ameriprise Financial Inc. grew its position in Chubb by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock valued at $1,258,202,000 after acquiring an additional 63,891 shares in the last quarter. Legal & General Group Plc increased its stake in Chubb by 2.9% during the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock worth $938,663,000 after purchasing an additional 104,986 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Chubb by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider’s stock worth $586,207,000 after purchasing an additional 160,335 shares in the last quarter. Finally, Barclays PLC boosted its stake in shares of Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after purchasing an additional 388,746 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on CB. Wells Fargo & Company upped their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Evercore ISI upped their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday. Bank of America boosted their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Finally, 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 report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $286.58.

Chubb Stock Down 5.4 %

Shares of NYSE CB traded down $14.28 during mid-day trading on Friday, reaching $252.37. The company had a trading volume of 1,921,406 shares, compared to its average volume of 1,817,594. The firm has a 50 day simple moving average of $279.37 and a two-hundred day simple moving average of $277.92. Chubb Limited has a 52-week low of $224.74 and a 52-week high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $101.73 billion, a P/E ratio of 10.33, a PEG ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly earnings data 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. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter last year, the company posted $4.95 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts predict that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend 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.