Kennebec Savings Bank Has $709,000 Stock Position in Chubb Limited (NYSE:CB)

Kennebec Savings Bank lessened its holdings in Chubb Limited (NYSE:CB) by 1.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,708 shares of the financial services provider’s stock after selling 40 shares during the quarter. Kennebec Savings Bank’s holdings in Chubb were worth $709,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Continuum Advisory LLC grew its position in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Kozak & Associates Inc. bought a new stake in shares of Chubb in the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the third quarter worth approximately $29,000. Raelipskie Partnership acquired a new stake in Chubb during the third quarter worth approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb in the 3rd quarter valued at $30,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.4 %

CB stock opened at $274.76 on Friday. The company has a market capitalization of $110.76 billion, a PE ratio of 12.09, a price-to-earnings-growth ratio of 7.45 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The company’s 50 day moving average price is $275.63 and its two-hundred day moving average price is $279.20.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.86% and a net margin of 16.63%. As a group, analysts predict that Chubb Limited will post 22.86 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.32%. Chubb’s dividend payout ratio is currently 16.02%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CB. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday. Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday. Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $289.78.

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.