ZWJ Investment Counsel Inc. Acquires 3,701 Shares of Chubb Limited (NYSE:CB)

ZWJ Investment Counsel Inc. increased its holdings in shares of Chubb Limited (NYSE:CB) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 180,784 shares of the financial services provider’s stock after purchasing an additional 3,701 shares during the period. Chubb accounts for 2.1% of ZWJ Investment Counsel Inc.’s holdings, making the stock its 17th biggest holding. ZWJ Investment Counsel Inc.’s holdings in Chubb were worth $49,951,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CB. New Hampshire Trust lifted its holdings in Chubb by 1.1% during the fourth quarter. New Hampshire Trust now owns 14,338 shares of the financial services provider’s stock worth $3,962,000 after buying an additional 149 shares during the period. Sky Investment Group LLC raised its position in shares of Chubb by 4.2% in the 4th quarter. Sky Investment Group LLC now owns 2,356 shares of the financial services provider’s stock worth $651,000 after acquiring an additional 95 shares in the last quarter. Amplius Wealth Advisors LLC lifted its stake in shares of Chubb by 9.4% during the 4th quarter. Amplius Wealth Advisors LLC now owns 65,669 shares of the financial services provider’s stock worth $18,144,000 after purchasing an additional 5,640 shares during the last quarter. Harbor Investment Advisory LLC boosted its position in Chubb by 13.5% during the fourth quarter. Harbor Investment Advisory LLC now owns 2,702 shares of the financial services provider’s stock valued at $747,000 after purchasing an additional 321 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. grew its stake in Chubb by 4.0% in the fourth quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,854 shares of the financial services provider’s stock valued at $1,065,000 after purchasing an additional 148 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on CB shares. JPMorgan Chase & Co. increased their price target on shares of 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 target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Jefferies Financial Group increased 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, Morgan Stanley boosted their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $288.17.

Chubb Stock Performance

Shares of NYSE CB opened at $269.38 on Tuesday. The stock has a market cap of $108.59 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 5.65 and a beta of 0.67. Chubb Limited has a 12 month low of $226.74 and a 12 month high of $302.05. The company has a 50 day simple moving average of $277.89 and a two-hundred day simple moving average of $278.49. 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 (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.95 earnings per share. As a group, analysts predict that Chubb Limited will post 21.93 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced 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. This represents a $3.64 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 14.91%.

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.