Grandfield & Dodd LLC Purchases 221 Shares of Chubb Limited (NYSE:CB)

Grandfield & Dodd LLC grew its position in Chubb Limited (NYSE:CB) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 157,299 shares of the financial services provider’s stock after acquiring an additional 221 shares during the period. Chubb comprises approximately 2.7% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 8th biggest position. Grandfield & Dodd LLC’s holdings in Chubb were worth $43,462,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Continuum Advisory LLC lifted its holdings in Chubb by 56.5% during 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 in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership acquired a new stake in Chubb in the 3rd quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in Chubb during the 4th quarter worth approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the third quarter valued at approximately $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Up 1.3 %

Shares of CB opened at $285.34 on Monday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market cap of $115.02 billion, a P/E ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The company’s 50-day moving average price is $271.02 and its 200 day moving average price is $279.87. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, sell-side analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a dividend of $0.91 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb’s dividend payout ratio is currently 16.02%.

Wall Street Analyst Weigh In

CB has been the subject of several research reports. JPMorgan Chase & Co. boosted their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Barclays dropped their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Chubb presently has an average rating of “Hold” and an average price target of $295.73.

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.