CNB Bank Buys 213 Shares of Chubb Limited (NYSE:CB)

CNB Bank lifted its holdings in Chubb Limited (NYSE:CB) by 7.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,133 shares of the financial services provider’s stock after buying an additional 213 shares during the quarter. CNB Bank’s holdings in Chubb were worth $866,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CB. Continuum Advisory LLC boosted its holdings in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after buying an additional 35 shares during the last quarter. Kozak & Associates Inc. purchased a new position in shares of Chubb in the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd bought a new position in Chubb in the 3rd quarter worth approximately $29,000. Raelipskie Partnership purchased a new position in Chubb during the third quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb in the third quarter worth about $30,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Up 0.4 %

Shares of NYSE CB opened at $274.68 on Friday. The stock has a fifty day moving average price of $278.22 and a 200 day moving average price of $278.09. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $226.74 and a 12-month high of $302.05. The company has a market cap of $110.72 billion, a P/E ratio of 11.26, a P/E/G ratio of 5.65 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results 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 last year, the business earned $4.95 EPS. The business’s revenue was up 5.5% on a year-over-year basis. Research analysts anticipate that Chubb Limited will post 21.93 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.33%. Chubb’s dividend payout ratio is presently 14.91%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on CB. Keefe, Bruyette & Woods increased their price target on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. JPMorgan Chase & Co. lifted their target price on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. JMP Securities increased their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group lifted their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, 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. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $288.17.

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.