Manning & Napier Advisors LLC Has $4.31 Million Stake in Chubb Limited (NYSE:CB)

Manning & Napier Advisors LLC decreased its position in Chubb Limited (NYSE:CB - Free Report) by 11.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,582 shares of the financial services provider's stock after selling 2,044 shares during the period. Manning & Napier Advisors LLC's holdings in Chubb were worth $4,305,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Ironwood Investment Counsel LLC raised its holdings in shares of Chubb by 2.1% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider's stock worth $496,000 after buying an additional 35 shares in the last quarter. Continuum Advisory LLC grew its position in 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 acquiring an additional 35 shares during the period. First Financial Bank Trust Division raised its stake in Chubb by 3.7% during the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider's stock worth $283,000 after acquiring an additional 37 shares in the last quarter. LVW Advisors LLC lifted its holdings in shares of Chubb by 0.3% during the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider's stock valued at $3,390,000 after acquiring an additional 40 shares during the period. Finally, Wealth Effects LLC boosted its stake in shares of Chubb by 3.0% in the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider's stock valued at $395,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company's stock.

Analyst Upgrades and Downgrades

CB has been the subject of a number of recent analyst reports. Jefferies Financial Group raised their price target on Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a report on Wednesday, October 9th. JMP Securities reiterated a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday. Morgan Stanley increased their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 30th. Wells Fargo & Company dropped their target price on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Finally, Piper Sandler increased their price target on shares of Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, October 4th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $289.78.

Chubb Stock Down 0.1 %

Shares of NYSE:CB traded down $0.32 during midday trading on Thursday, hitting $275.51. The stock had a trading volume of 594,002 shares, compared to its average volume of 1,950,370. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $275.63 and its 200-day simple moving average is $279.20. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a market cap of $111.06 billion, a P/E ratio of 11.28, a PEG ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts' consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 15.46% and a net margin of 18.32%. On average, sell-side analysts forecast that Chubb Limited will post 21.95 earnings per share for the current fiscal 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 issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend was Friday, December 13th. Chubb's dividend payout ratio is 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.