Chubb Limited (NYSE:CB) is Callahan Advisors LLC’s 9th Largest Position

Callahan Advisors LLC reduced its holdings in shares of Chubb Limited (NYSE:CB) by 0.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,560 shares of the financial services provider’s stock after selling 357 shares during the quarter. Chubb makes up 2.4% of Callahan Advisors LLC’s investment portfolio, making the stock its 9th largest position. Callahan Advisors LLC’s holdings in Chubb were worth $25,298,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in 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 valued at $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the 3rd quarter valued at about $29,000. Raelipskie Partnership purchased a new position in Chubb during the 3rd quarter valued at about $29,000. Sierra Ocean LLC purchased a new position in Chubb during the 4th quarter valued at about $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the 3rd quarter valued at about $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CB shares. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. JMP Securities reiterated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, 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, January 29th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $295.73.

Chubb Trading Down 1.2 %

Shares of CB stock opened at $264.49 on Tuesday. The stock has a market cap of $106.62 billion, a price-to-earnings ratio of 11.64, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The firm’s 50 day moving average price is $271.28 and its two-hundred day moving average price is $279.58.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, analysts anticipate that Chubb Limited will post 21.66 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given 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 1.38%. Chubb’s dividend payout ratio (DPR) is 16.02%.

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.