Hanson & Doremus Investment Management Acquires 662 Shares of Chubb Limited (NYSE:CB)

Hanson & Doremus Investment Management increased its stake in Chubb Limited (NYSE:CB) by 5.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,562 shares of the financial services provider’s stock after buying an additional 662 shares during the period. Hanson & Doremus Investment Management’s holdings in Chubb were worth $3,747,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CB. Susquehanna Fundamental Investments LLC purchased a new stake in Chubb during the second quarter worth $459,000. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Chubb by 1.9% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 25,696 shares of the financial services provider’s stock worth $6,555,000 after purchasing an additional 486 shares during the last quarter. Regal Investment Advisors LLC bought a new stake in Chubb during the second quarter valued at about $209,000. Kimelman & Baird LLC purchased a new position in Chubb in the second quarter valued at about $32,000. Finally, EP Wealth Advisors LLC raised its holdings in Chubb by 76.3% in the second quarter. EP Wealth Advisors LLC now owns 6,338 shares of the financial services provider’s stock worth $1,617,000 after purchasing an additional 2,743 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 1.4 %

Shares of CB opened at $276.05 on Thursday. The firm’s fifty day moving average is $275.77 and its two-hundred day moving average is $279.22. The stock has a market cap of $111.27 billion, a PE ratio of 11.30, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Research analysts forecast that Chubb Limited will post 21.95 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on CB shares. Evercore ISI raised their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday. Keefe, Bruyette & Woods boosted their target price on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Bank of America raised their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday. 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $288.39.

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.