Geode Capital Management LLC cut its holdings in Chubb Limited (NYSE:CB - Free Report) by 3.5% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 8,599,920 shares of the financial services provider's stock after selling 311,661 shares during the period. Geode Capital Management LLC owned about 2.13% of Chubb worth $2,472,517,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. Brophy Wealth Management LLC acquired a new stake in Chubb in the 3rd quarter valued at approximately $274,000. Raelipskie Partnership acquired a new stake in Chubb in the third quarter worth about $29,000. Barclays PLC grew its position in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after buying an additional 388,746 shares in the last quarter. Continuum Advisory LLC raised its position in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after buying an additional 35 shares in the last quarter. Finally, LRI Investments LLC lifted its stake in shares of Chubb by 102.1% in the 3rd quarter. LRI Investments LLC now owns 2,742 shares of the financial services provider's stock worth $787,000 after acquiring an additional 1,385 shares during the period. Institutional investors own 83.81% of the company's stock.
Chubb Stock Performance
Shares of NYSE:CB traded down $2.72 during midday trading on Tuesday, hitting $274.60. The company's stock had a trading volume of 1,909,761 shares, compared to its average volume of 1,601,159. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The stock's 50 day simple moving average is $286.66 and its 200 day simple moving average is $276.58. The stock has a market capitalization of $110.69 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 6.59 and a beta of 0.67. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05.
Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter last year, the firm posted $4.95 EPS. The company's revenue was up 5.5% on a year-over-year basis. As a group, research analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current year.
Chubb Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, December 13th. Chubb's dividend payout ratio is currently 14.91%.
Wall Street Analysts Forecast Growth
A number of equities analysts have issued reports on CB shares. Bank of America increased their price target on Chubb from $275.00 to $282.00 and gave the company an "underperform" rating in a research note on Thursday, October 10th. Morgan Stanley lifted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Barclays started coverage on shares of Chubb in a report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 target price for the company. Evercore ISI boosted their target price on Chubb from $289.00 to $293.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 30th. Finally, 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. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $287.37.
View Our Latest Stock Analysis on Chubb
Chubb Profile
(
Free Report)
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.
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