Chubb Limited (NYSE:CB) Shares Sold by Trust Co. of Vermont

Trust Co. of Vermont lessened its stake in shares of Chubb Limited (NYSE:CB) by 0.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,385 shares of the financial services provider’s stock after selling 174 shares during the quarter. Trust Co. of Vermont’s holdings in Chubb were worth $5,632,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Continuum Advisory LLC grew its holdings 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 purchasing an additional 35 shares during the period. Kozak & Associates Inc. acquired a new position in Chubb in the 3rd quarter worth $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the third quarter worth about $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb in the third quarter valued at about $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CB has been the topic of a number of research reports. Bank of America increased their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their price target on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Keefe, Bruyette & Woods increased their price objective on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Wells Fargo & Company decreased their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday. 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, the company presently has a consensus rating of “Hold” and a consensus price target of $288.17.

Chubb Stock Performance

Chubb stock traded down $4.15 during trading hours on Friday, hitting $269.38. The company had a trading volume of 1,901,890 shares, compared to its average volume of 1,385,455. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $108.59 billion, a PE ratio of 11.03, a PEG ratio of 5.65 and a beta of 0.67. The firm has a 50-day moving average of $278.13 and a 200 day moving average of $278.06. Chubb Limited has a one year low of $226.74 and a one year high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) 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 firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the company posted $4.95 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, sell-side analysts expect that Chubb Limited will post 21.93 earnings per share for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is presently 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.