Chubb Limited (NYSE:CB) Stock Holdings Lessened by Salem Investment Counselors Inc.

Salem Investment Counselors Inc. lowered its stake in Chubb Limited (NYSE:CB) by 12.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 673 shares of the financial services provider’s stock after selling 100 shares during the period. Salem Investment Counselors Inc.’s holdings in Chubb were worth $187,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC increased its holdings in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in Chubb during the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the 3rd quarter valued at $29,000. Raelipskie Partnership acquired a new stake in Chubb during the 3rd quarter valued at $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb during the 3rd quarter valued at $30,000. Institutional investors own 83.81% of the company’s stock.

Chubb Trading Up 1.4 %

Shares of NYSE:CB opened at $265.54 on Wednesday. The stock has a market capitalization of $107.04 billion, a PE ratio of 10.87, a P/E/G ratio of 6.43 and a beta of 0.67. Chubb Limited has a 1 year low of $226.06 and a 1 year high of $302.05. The firm has a fifty day moving average price of $278.46 and a 200 day moving average price of $278.16. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the prior year, the company posted $4.95 earnings per share. Chubb’s revenue for the quarter was up 5.5% on a year-over-year basis. Analysts expect that Chubb Limited will post 21.82 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 14.91%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Morgan Stanley boosted their target price 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. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. JMP Securities boosted their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Barclays cut their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Evercore ISI boosted their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $288.17.

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.