Zevin Asset Management LLC boosted its holdings in shares of Chubb Ltd (NYSE:CB) by 0.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 25,778 shares of the financial services provider’s stock after acquiring an additional 150 shares during the quarter. Chubb accounts for 1.2% of Zevin Asset Management LLC’s portfolio, making the stock its 29th biggest holding. Zevin Asset Management LLC’s holdings in Chubb were worth $3,330,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of CB. Bank of Montreal Can boosted its holdings in Chubb by 11.1% during the 3rd quarter. Bank of Montreal Can now owns 457,969 shares of the financial services provider’s stock valued at $61,203,000 after acquiring an additional 45,908 shares during the period. Security National Bank boosted its holdings in Chubb by 4.8% during the 3rd quarter. Security National Bank now owns 13,367 shares of the financial services provider’s stock valued at $1,786,000 after acquiring an additional 607 shares during the period. Delaney Dennis R boosted its holdings in Chubb by 10.3% during the 3rd quarter. Delaney Dennis R now owns 15,209 shares of the financial services provider’s stock valued at $2,033,000 after acquiring an additional 1,420 shares during the period. Page Arthur B boosted its holdings in Chubb by 2.0% during the 3rd quarter. Page Arthur B now owns 25,760 shares of the financial services provider’s stock valued at $3,443,000 after acquiring an additional 495 shares during the period. Finally, Broderick Brian C boosted its holdings in Chubb by 1.5% during the 3rd quarter. Broderick Brian C now owns 47,476 shares of the financial services provider’s stock valued at $6,344,000 after acquiring an additional 704 shares during the period. Institutional investors own 88.78% of the company’s stock.
Shares of CB traded down $0.50 during trading hours on Monday, hitting $129.85. The company had a trading volume of 17,290 shares, compared to its average volume of 1,783,761. The firm has a market cap of $60.07 billion, a price-to-earnings ratio of 13.77, a PEG ratio of 1.21 and a beta of 0.82. The company has a current ratio of 0.35, a quick ratio of 0.31 and a debt-to-equity ratio of 0.24. Chubb Ltd has a one year low of $119.54 and a one year high of $148.58.
Chubb (NYSE:CB) last announced its earnings results on Tuesday, February 5th. The financial services provider reported $2.02 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.93 by $0.09. Chubb had a return on equity of 8.66% and a net margin of 11.72%. The company had revenue of $6.77 billion for the quarter, compared to analyst estimates of $6.80 billion. During the same period in the prior year, the company posted $3.17 EPS. The firm’s quarterly revenue was up 4.2% compared to the same quarter last year. On average, equities research analysts forecast that Chubb Ltd will post 10.8 EPS for the current year.
Chubb announced that its board has authorized a stock buyback plan on Thursday, November 15th that permits the company to buyback $1.50 billion in outstanding shares. This buyback authorization permits the financial services provider to reacquire up to 2.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its shares are undervalued.
A number of brokerages have weighed in on CB. Zacks Investment Research lowered Chubb from a “hold” rating to a “sell” rating in a research report on Wednesday, February 6th. Deutsche Bank lifted their target price on Chubb from $122.00 to $123.00 and gave the company a “sell” rating in a research report on Tuesday, December 4th. Wells Fargo & Co set a $160.00 target price on Chubb and gave the company a “buy” rating in a research report on Friday, January 18th. Compass Point began coverage on Chubb in a research report on Tuesday, January 15th. They set a “buy” rating and a $165.00 target price for the company. Finally, Morgan Stanley decreased their target price on Chubb from $166.00 to $153.00 and set an “overweight” rating for the company in a research report on Wednesday, November 14th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $155.11.
In other Chubb news, Director Michael G. Atieh sold 1,200 shares of the business’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $133.27, for a total transaction of $159,924.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last quarter, insiders have sold 1,242 shares of company stock worth $165,544. Company insiders own 0.44% of the company’s stock.
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Chubb Limited, through its subsidiaries, provides insurance and reinsurance products worldwide. Its North America Commercial P&C Insurance segment offers commercial property, marine, general casualty, workers' compensation, package policies, and risk management; and professional lines, marine, construction, environmental, medical, cyber risk, and excess casualty, as well as group accident and health insurance to large, middle market, and small commercial businesses in the United States, Canada, and Bermuda.
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