Cox Capital Mgt LLC Has $1.91 Million Stake in Chubb Limited (NYSE:CB)

Cox Capital Mgt LLC lowered its holdings in Chubb Limited (NYSE:CB) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,910 shares of the financial services provider’s stock after selling 239 shares during the quarter. Cox Capital Mgt LLC’s holdings in Chubb were worth $1,909,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of CB. One Capital Management LLC grew its holdings in shares of Chubb by 306.7% during the second quarter. One Capital Management LLC now owns 5,161 shares of the financial services provider’s stock valued at $1,316,000 after buying an additional 3,892 shares during the last quarter. Citizens Financial Group Inc. RI lifted its position in Chubb by 255.4% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 9,444 shares of the financial services provider’s stock valued at $2,414,000 after acquiring an additional 6,787 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Chubb by 3.6% during the 2nd quarter. Moors & Cabot Inc. now owns 10,980 shares of the financial services provider’s stock valued at $2,801,000 after purchasing an additional 378 shares during the last quarter. Stock Yards Bank & Trust Co. raised its stake in shares of Chubb by 1.4% in the second quarter. Stock Yards Bank & Trust Co. now owns 3,300 shares of the financial services provider’s stock worth $842,000 after purchasing an additional 45 shares during the last quarter. Finally, Virtu Financial LLC lifted its holdings in shares of Chubb by 799.4% in the second quarter. Virtu Financial LLC now owns 13,752 shares of the financial services provider’s stock valued at $3,508,000 after purchasing an additional 12,223 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $265.54 on Wednesday. The company has a 50-day moving average price of $278.46 and a two-hundred day moving average price of $278.16. Chubb Limited has a twelve month low of $226.06 and a twelve month high of $302.05. 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 firm has a market capitalization of $107.04 billion, a PE ratio of 10.87, a P/E/G ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating 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 business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the business earned $4.95 EPS. Chubb’s revenue was up 5.5% compared to the same quarter last year. Equities analysts forecast that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.37%. Chubb’s dividend payout ratio (DPR) is 14.91%.

Analyst Ratings Changes

A number of equities research analysts recently commented on CB shares. Piper Sandler increased their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. JMP Securities boosted their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Bank of America lifted their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, Barclays decreased their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $288.17.

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.