Manning & Napier Advisors LLC Has $4.31 Million Holdings in Chubb Limited (NYSE:CB)

Manning & Napier Advisors LLC decreased its position in shares of Chubb Limited (NYSE:CB) by 11.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,582 shares of the financial services provider’s stock after selling 2,044 shares during the quarter. Manning & Napier Advisors LLC’s holdings in Chubb were worth $4,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC increased its holdings in 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 in the last quarter. Kozak & Associates Inc. purchased a new position in shares of Chubb during the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb during the third quarter worth $29,000. Raelipskie Partnership purchased a new stake in Chubb in the 3rd quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb during the 3rd quarter valued at $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

NYSE CB opened at $276.05 on Thursday. The firm has a market cap of $111.27 billion, a P/E 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. The company’s 50 day moving average is $275.77 and its 200-day moving average is $279.22. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Sell-side analysts predict that Chubb Limited will post 21.95 earnings per share 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 1.32%. Chubb’s dividend payout ratio (DPR) is 14.91%.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Wells Fargo & Company reduced their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Bank of America increased their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Piper Sandler boosted their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Jefferies Financial Group upped their target price on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Evercore ISI lifted their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two investment 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 company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $288.39.

Chubb Company 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.