Sage Investment Counsel LLC Purchases Shares of 2,426 Chubb Limited (NYSE:CB)

Sage Investment Counsel LLC bought a new position in Chubb Limited (NYSE:CB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 2,426 shares of the financial services provider's stock, valued at approximately $670,000.

Several other hedge funds also recently made changes to their positions in CB. Pinnacle Associates Ltd. lifted its stake in shares of Chubb by 8.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 16,461 shares of the financial services provider's stock worth $4,747,000 after acquiring an additional 1,281 shares during the period. HM Payson & Co. lifted its stake in shares of Chubb by 6.9% in the 3rd quarter. HM Payson & Co. now owns 8,553 shares of the financial services provider's stock worth $2,467,000 after acquiring an additional 555 shares during the period. Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in shares of Chubb by 0.5% in the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 122,721 shares of the financial services provider's stock worth $35,391,000 after acquiring an additional 619 shares during the period. Stephens Inc. AR lifted its stake in shares of Chubb by 2.7% in the third quarter. Stephens Inc. AR now owns 9,876 shares of the financial services provider's stock valued at $2,848,000 after purchasing an additional 260 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of Chubb by 2.0% in the third quarter. Principal Securities Inc. now owns 11,274 shares of the financial services provider's stock valued at $3,251,000 after purchasing an additional 222 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on CB shares. JMP Securities reiterated a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Barclays reduced their price objective on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. Finally, Wells Fargo & Company reduced their price objective 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. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat, Chubb has an average rating of "Hold" and a consensus price target of $295.73.

Chubb Trading Up 1.3 %

Shares of NYSE CB traded up $3.65 during midday trading on Friday, reaching $285.34. 2,528,712 shares of the stock were exchanged, compared to its average volume of 1,706,331. The company has a market capitalization of $115.02 billion, a P/E ratio of 12.56, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a 50 day moving average price of $271.02 and a 200-day moving average price of $279.81.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping 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%. Equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb's dividend payout ratio (DPR) is presently 16.02%.

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.