Everence Capital Management Inc. Cuts Stock Holdings in Chubb Limited (NYSE:CB)

Everence Capital Management Inc. lowered its position in Chubb Limited (NYSE:CB) by 5.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,000 shares of the financial services provider’s stock after selling 700 shares during the period. Everence Capital Management Inc.’s holdings in Chubb were worth $3,592,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC boosted its stake in shares of Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after buying an additional 388,746 shares in the last quarter. Moloney Securities Asset Management LLC lifted its holdings in Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock valued at $1,111,000 after acquiring an additional 1,905 shares during the period. Private Advisor Group LLC boosted its position in shares of Chubb by 21.2% during the 2nd quarter. Private Advisor Group LLC now owns 12,853 shares of the financial services provider’s stock worth $3,279,000 after purchasing an additional 2,250 shares in the last quarter. Savvy Advisors Inc. acquired a new position in shares of Chubb during the 3rd quarter worth $721,000. Finally, U.S. Capital Wealth Advisors LLC increased its holdings in shares of Chubb by 14.5% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 16,636 shares of the financial services provider’s stock valued at $4,798,000 after purchasing an additional 2,102 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.2 %

CB traded down $0.66 during trading on Friday, hitting $271.86. The company’s stock had a trading volume of 259,964 shares, compared to its average volume of 582,671. Chubb Limited has a twelve month low of $222.85 and a twelve month high of $302.05. The firm’s 50 day moving average price is $281.19 and its 200-day moving average price is $277.76. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $109.59 billion, a PE ratio of 11.13, a PEG ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion for 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 firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.95 earnings per share. On average, analysts expect that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a $0.91 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.34%. Chubb’s payout ratio is 14.91%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Wells Fargo & Company upped their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Piper Sandler upped their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. JPMorgan Chase & Co. lifted their price objective on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday. Morgan Stanley upped their target price on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Bank of America lifted their price target on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $287.47.

About Chubb

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.