Chubb Limited (NYSE:CB) is Confluence Investment Management LLC’s 3rd Largest Position

Confluence Investment Management LLC trimmed its position in shares of Chubb Limited (NYSE:CB) by 2.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 575,879 shares of the financial services provider’s stock after selling 11,510 shares during the quarter. Chubb accounts for approximately 2.2% of Confluence Investment Management LLC’s portfolio, making the stock its 3rd largest holding. Confluence Investment Management LLC owned about 0.14% of Chubb worth $159,115,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Barclays PLC increased its position in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after acquiring an additional 388,746 shares during the last quarter. Moloney Securities Asset Management LLC raised its stake in shares of Chubb by 97.9% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 1,905 shares during the period. Private Advisor Group LLC raised its stake 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 during the period. Savvy Advisors Inc. purchased a new position in shares of Chubb in the 3rd quarter worth about $721,000. Finally, U.S. Capital Wealth Advisors LLC grew its position in Chubb by 14.5% during the third 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 buying an additional 2,102 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

NYSE:CB traded down $3.66 during midday trading on Thursday, hitting $272.64. The company had a trading volume of 166,789 shares, compared to its average volume of 1,597,151. The stock’s fifty day moving average price is $281.62 and its 200-day moving average price is $277.80. Chubb Limited has a 52-week low of $222.85 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 company has a market capitalization of $109.90 billion, a PE ratio of 11.16, a P/E/G ratio of 6.43 and a beta of 0.67.

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

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 13th will be issued a dividend of $0.91 per share. 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 dividend payout ratio is presently 14.91%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CB. Jefferies Financial Group lifted their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their price objective on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Friday, November 1st. Barclays assumed coverage on Chubb in a research report on Wednesday, September 4th. They issued an “overweight” rating and a $349.00 target price for the company. Evercore ISI upped their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a report on Wednesday, October 30th. 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 given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $287.37.

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.