Berbice Capital Management LLC Purchases New Holdings in Chubb Limited (NYSE:CB)

Berbice Capital Management LLC purchased a new stake in Chubb Limited (NYSE:CB) in the fourth quarter, HoldingsChannel reports. The firm purchased 300 shares of the financial services provider’s stock, valued at approximately $83,000.

A number of other hedge funds and other institutional investors have also modified their holdings of CB. FMR LLC grew its holdings in 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 acquiring an additional 1,052,999 shares during the period. International Assets Investment Management LLC grew its holdings in Chubb by 28,885.3% during the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock worth $2,696,640,000 after acquiring an additional 931,841 shares during the period. Assenagon Asset Management S.A. grew its holdings in Chubb by 4,559.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock worth $243,641,000 after acquiring an additional 826,700 shares during the period. Troy Asset Management Ltd acquired a new stake in Chubb during the 2nd quarter worth $106,975,000. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in Chubb by 49.7% during the 3rd 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. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of NYSE:CB opened at $266.49 on Friday. The company’s 50 day moving average price is $277.08 and its two-hundred day moving average price is $278.64. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The firm has a market cap of $107.42 billion, a PE ratio of 10.95, a PEG ratio of 7.23 and a beta of 0.67. 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 issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the prior year, the firm posted $4.95 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Equities research analysts predict that Chubb Limited will post 21.95 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued 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 dividend payout ratio (DPR) is presently 14.91%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Jefferies Financial Group lifted their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. JMP Securities boosted their price target on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Barclays cut their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Piper Sandler boosted their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Evercore ISI boosted their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two investment 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.com, Chubb has a consensus rating of “Hold” and an average price target of $288.17.

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.