Douglas Lane & Associates LLC Has $5.67 Million Stock Holdings in Chubb Limited (NYSE:CB)

Douglas Lane & Associates LLC reduced its stake in shares of Chubb Limited (NYSE:CB) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,535 shares of the financial services provider’s stock after selling 1,431 shares during the quarter. Douglas Lane & Associates LLC’s holdings in Chubb were worth $5,674,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. FMR LLC grew its stake in Chubb by 7.3% during the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after buying an additional 1,052,999 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Chubb by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock worth $1,258,202,000 after acquiring an additional 63,891 shares in the last quarter. Legal & General Group Plc increased its stake in Chubb by 2.9% in the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock valued at $938,663,000 after acquiring an additional 104,986 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Chubb by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider’s stock valued at $586,207,000 after purchasing an additional 160,335 shares in the last quarter. Finally, Barclays PLC lifted its stake in Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CB. Evercore ISI boosted their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their target price on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Jefferies Financial Group lifted their price target on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Morgan Stanley increased their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Piper Sandler boosted their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $286.16.

Chubb Trading Down 0.8 %

NYSE:CB opened at $266.51 on Thursday. Chubb Limited has a 52 week low of $222.85 and a 52 week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The firm’s fifty day moving average is $279.69 and its 200-day moving average is $278.00. The firm has a market cap of $107.43 billion, a P/E ratio of 10.91, a P/E/G ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the business posted $4.95 EPS. Equities analysts expect that Chubb Limited will post 21.82 earnings per share 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 paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

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.