CCM Investment Advisers LLC Sells 579 Shares of Chubb Limited (NYSE:CB)

CCM Investment Advisers LLC lessened its holdings in Chubb Limited (NYSE:CB) by 1.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 48,585 shares of the financial services provider’s stock after selling 579 shares during the period. CCM Investment Advisers LLC’s holdings in Chubb were worth $13,424,000 at the end of the most recent quarter.

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

Chubb Stock Performance

Shares of CB stock traded down $12.87 during trading on Friday, hitting $253.78. The company’s stock had a trading volume of 2,261,491 shares, compared to its average volume of 1,884,276. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $102.30 billion, a PE ratio of 10.39, a P/E/G ratio of 6.43 and a beta of 0.67. The business has a fifty day moving average of $279.37 and a 200-day moving average of $277.92. Chubb Limited has a 52 week low of $224.74 and a 52 week high of $302.05.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping 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 company had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the previous year, the business posted $4.95 EPS. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, research analysts anticipate 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 was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.43%. Chubb’s dividend payout ratio is currently 14.91%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Piper Sandler lifted their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Keefe, Bruyette & Woods increased their price objective on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday. JMP Securities lifted their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Bank of America increased their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, Evercore ISI lifted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $286.58.

Chubb Company 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.