UMB Bank n.a. Decreases Position in Chubb Limited (NYSE:CB)

UMB Bank n.a. lessened its holdings in shares of Chubb Limited (NYSE:CB) by 24.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,166 shares of the financial services provider’s stock after selling 11,813 shares during the period. UMB Bank n.a.’s holdings in Chubb were worth $9,993,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. FMR LLC increased its position in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after acquiring an additional 1,052,999 shares during the period. Ameriprise Financial Inc. increased its position in shares of Chubb by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock valued at $1,258,202,000 after acquiring an additional 63,891 shares during the period. Legal & General Group Plc increased its position in shares of Chubb by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock valued at $938,663,000 after acquiring an additional 104,986 shares during the period. Barclays PLC increased its position in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after acquiring an additional 388,746 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its position in shares of Chubb by 49.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after acquiring an additional 389,343 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on CB shares. JPMorgan Chase & Co. increased their price target on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Bank of America raised their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, Piper Sandler raised their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $288.17.

Chubb Stock Performance

NYSE:CB opened at $269.38 on Monday. The company has a fifty day simple moving average of $277.89 and a two-hundred day simple moving average of $278.32. The company has a market cap of $108.59 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 5.65 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 $226.74 and a 52 week high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The business 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 company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.95 earnings per share. As a group, equities analysts anticipate that Chubb Limited will post 21.93 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given 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 dividend yield of 1.35%. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

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.