New Hampshire Trust Sells 119 Shares of Chubb Limited $CB

New Hampshire Trust reduced its stake in Chubb Limited (NYSE:CB) by 0.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 13,979 shares of the financial services provider’s stock after selling 119 shares during the period. New Hampshire Trust’s holdings in Chubb were worth $4,050,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. GQG Partners LLC grew its stake in Chubb by 112.1% in the first quarter. GQG Partners LLC now owns 9,394,018 shares of the financial services provider’s stock worth $2,836,899,000 after purchasing an additional 4,964,298 shares during the period. Nuveen LLC purchased a new stake in Chubb in the first quarter worth $562,221,000. Ameriprise Financial Inc. grew its stake in Chubb by 6.9% in the first quarter. Ameriprise Financial Inc. now owns 4,696,682 shares of the financial services provider’s stock worth $1,418,398,000 after purchasing an additional 304,751 shares during the period. Cohen Investment Advisors LLC boosted its stake in Chubb by 2,408.4% during the first quarter. Cohen Investment Advisors LLC now owns 292,911 shares of the financial services provider’s stock worth $88,456,000 after acquiring an additional 281,234 shares in the last quarter. Finally, Citigroup Inc. boosted its stake in Chubb by 79.0% during the first quarter. Citigroup Inc. now owns 631,628 shares of the financial services provider’s stock worth $190,745,000 after acquiring an additional 278,697 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday. Cantor Fitzgerald raised Chubb to a “hold” rating in a research note on Wednesday, August 13th. BMO Capital Markets reissued a “market perform” rating and issued a $283.00 target price on shares of Chubb in a research note on Thursday. Bank of America increased their target price on Chubb from $276.00 to $279.00 and gave the stock an “underperform” rating in a research note on Monday, October 13th. Finally, Morgan Stanley dropped their target price on shares of Chubb from $300.00 to $295.00 and set an “equal weight” rating on the stock in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $306.42.

Chubb Stock Performance

Shares of CB stock opened at $281.86 on Friday. The company has a 50 day moving average price of $277.65 and a 200-day moving average price of $280.91. Chubb Limited has a 52 week low of $252.16 and a 52 week high of $306.91. The firm has a market capitalization of $112.38 billion, a PE ratio of 11.76, a P/E/G ratio of 2.86 and a beta of 0.54. The company has a quick ratio of 0.28, a current ratio of 0.34 and a debt-to-equity ratio of 0.18.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 21st. The financial services provider reported $7.49 EPS for the quarter, topping analysts’ consensus estimates of $5.51 by $1.98. Chubb had a net margin of 16.53% and a return on equity of 12.93%. The firm had revenue of $14.87 billion during the quarter, compared to analyst estimates of $12.95 billion. During the same period in the previous year, the business posted $5.72 earnings per share. The business’s revenue for the quarter was up 7.5% on a year-over-year basis. As a group, equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 3rd. Stockholders of record on Friday, September 12th were paid a $0.97 dividend. This represents a $3.88 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Friday, September 12th. Chubb’s dividend payout ratio (DPR) is 16.19%.

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.