Tributary Capital Management LLC Has $466,000 Position in Chubb Limited (NYSE:CB)

Tributary Capital Management LLC lessened its stake in shares of Chubb Limited (NYSE:CB) by 3.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,685 shares of the financial services provider’s stock after selling 65 shares during the period. Tributary Capital Management LLC’s holdings in Chubb were worth $466,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of CB. Grimes & Company Inc. increased its stake in Chubb by 3.0% during the 4th quarter. Grimes & Company Inc. now owns 1,923 shares of the financial services provider’s stock valued at $531,000 after purchasing an additional 56 shares in the last quarter. Cyndeo Wealth Partners LLC increased its stake in Chubb by 1.3% during the 4th quarter. Cyndeo Wealth Partners LLC now owns 19,135 shares of the financial services provider’s stock valued at $5,287,000 after purchasing an additional 237 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in Chubb by 0.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 10,484 shares of the financial services provider’s stock valued at $2,897,000 after purchasing an additional 42 shares in the last quarter. Firethorn Wealth Partners LLC increased its stake in Chubb by 4.3% during the 4th quarter. Firethorn Wealth Partners LLC now owns 1,401 shares of the financial services provider’s stock valued at $387,000 after purchasing an additional 58 shares in the last quarter. Finally, Pflug Koory LLC increased its stake in Chubb by 18.7% during the 4th quarter. Pflug Koory LLC now owns 1,832 shares of the financial services provider’s stock valued at $506,000 after purchasing an additional 288 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on CB shares. Piper Sandler boosted their price target on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Jefferies Financial Group upped their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Bank of America upped their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. upped their target price on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Finally, Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Chubb has an average rating of “Hold” and an average target price of $288.17.

Chubb Price Performance

NYSE CB opened at $266.71 on Friday. The company has a market cap of $107.51 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $276.24 and its two-hundred day simple moving average is $278.65.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.95 earnings per share. Research analysts predict that Chubb Limited will post 21.95 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed 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 annualized dividend and a yield of 1.36%. 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.