Plimoth Trust Co. LLC Has $4.41 Million Stock Holdings in Chubb Limited (NYSE:CB)

Plimoth Trust Co. LLC trimmed its stake in Chubb Limited (NYSE:CB) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,960 shares of the financial services provider’s stock after selling 74 shares during the quarter. Chubb comprises about 1.1% of Plimoth Trust Co. LLC’s holdings, making the stock its 23rd biggest position. Plimoth Trust Co. LLC’s holdings in Chubb were worth $4,410,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. Swedbank AB grew its holdings in shares of Chubb by 2.6% during the fourth quarter. Swedbank AB now owns 266,074 shares of the financial services provider’s stock valued at $73,516,000 after buying an additional 6,786 shares during the last quarter. Field & Main Bank grew its holdings in shares of Chubb by 1.5% during the fourth quarter. Field & Main Bank now owns 5,201 shares of the financial services provider’s stock valued at $1,437,000 after buying an additional 78 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Chubb by 8.9% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 683,340 shares of the financial services provider’s stock worth $188,807,000 after purchasing an additional 56,045 shares during the last quarter. Orca Wealth Management LLC purchased a new position in Chubb during the fourth quarter worth about $3,235,000. Finally, Perigon Wealth Management LLC boosted its holdings in Chubb by 8.3% during the fourth quarter. Perigon Wealth Management LLC now owns 8,054 shares of the financial services provider’s stock worth $2,203,000 after purchasing an additional 618 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Up 2.6 %

Shares of Chubb stock traded up $7.11 during trading on Wednesday, reaching $279.38. The company’s stock had a trading volume of 450,155 shares, compared to its average volume of 1,909,802. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a market cap of $112.62 billion, a price-to-earnings ratio of 11.42, a PEG ratio of 7.23 and a beta of 0.67. The firm’s 50-day moving average is $275.77 and its two-hundred day moving average is $279.22. 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 (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 18.32% and a return on equity of 15.46%. On average, sell-side analysts anticipate that Chubb Limited will post 21.95 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid 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 1.30%. Chubb’s dividend payout ratio (DPR) is 14.91%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Evercore ISI boosted their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Bank of America lifted their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Keefe, Bruyette & Woods lifted their price objective on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, JMP Securities lifted their price objective on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $288.39.

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.