First County Bank CT Decreases Position in Chubb Limited (NYSE:CB)

First County Bank CT lowered its position in Chubb Limited (NYSE:CB) by 7.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,650 shares of the financial services provider’s stock after selling 142 shares during the quarter. First County Bank CT’s holdings in Chubb were worth $456,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in CB. Strategic Financial Concepts LLC purchased a new stake in Chubb during the 2nd quarter worth about $28,000. Continuum Advisory LLC boosted its stake in shares of 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 during the last quarter. Kozak & Associates Inc. purchased a new stake in shares of Chubb during the third quarter worth about $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb in the third quarter valued at approximately $29,000. Finally, Raelipskie Partnership purchased a new position in shares of Chubb during the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Up 0.5 %

NYSE CB traded up $1.40 during trading hours on Tuesday, reaching $268.71. 784,644 shares of the company traded hands, compared to its average volume of 1,359,180. The company has a 50 day moving average of $280.41 and a two-hundred day moving average of $278.05. The stock has a market capitalization of $108.32 billion, a PE ratio of 11.00, a PEG ratio of 6.43 and a beta of 0.67. Chubb Limited has a 12 month low of $222.85 and a 12 month high of $302.05. 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 announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period last year, the business posted $4.95 earnings per share. As a group, equities analysts expect that Chubb Limited will post 21.82 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. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. Chubb’s payout ratio is currently 14.91%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday. Bank of America increased their target price on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Morgan Stanley lifted their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their target price on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a report on Tuesday, November 5th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $286.16.

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.