Polaris Capital Management LLC Sells 4,600 Shares of Chubb Limited (NYSE:CB)

Polaris Capital Management LLC lowered its position in shares of Chubb Limited (NYSE:CB) by 3.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 127,469 shares of the financial services provider’s stock after selling 4,600 shares during the period. Chubb comprises about 1.7% of Polaris Capital Management LLC’s portfolio, making the stock its 26th biggest position. Polaris Capital Management LLC’s holdings in Chubb were worth $35,220,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Continuum Advisory LLC increased its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the period. Kozak & Associates Inc. bought a new position in Chubb during the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb in the 3rd quarter worth approximately $29,000. Raelipskie Partnership bought a new position in shares of Chubb during the 3rd quarter worth approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE CB opened at $266.32 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The stock has a market capitalization of $107.36 billion, a PE ratio of 11.72, a P/E/G ratio of 3.41 and a beta of 0.67. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The business has a 50 day simple moving average of $273.52 and a two-hundred day simple moving average of $279.80.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, research analysts predict that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Analyst Ratings Changes

CB has been the topic of a number of research analyst reports. Evercore ISI increased their price objective 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. JPMorgan Chase & Co. raised their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. 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 research note on Wednesday, October 30th. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $295.73.

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.