Dakota Community Bank & Trust NA Acquires 45 Shares of Chubb Limited (NYSE:CB)

Dakota Community Bank & Trust NA raised its stake in Chubb Limited (NYSE:CB) by 11.0% in the fourth quarter, Holdings Channel reports. The fund owned 454 shares of the financial services provider’s stock after purchasing an additional 45 shares during the quarter. Dakota Community Bank & Trust NA’s holdings in Chubb were worth $125,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in CB. Ironwood Investment Counsel LLC raised its position in Chubb by 2.1% in the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after purchasing an additional 35 shares during the last quarter. Continuum Advisory LLC increased its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the period. First Financial Bank Trust Division raised its holdings in Chubb by 3.7% in the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock valued at $283,000 after buying an additional 37 shares during the last quarter. LVW Advisors LLC grew its holdings in Chubb by 0.3% during the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after acquiring an additional 40 shares during the last quarter. Finally, Wealth Effects LLC increased its position in Chubb by 3.0% in the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock valued at $395,000 after acquiring an additional 40 shares during the period. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

CB stock opened at $269.38 on Friday. The business has a 50 day moving average of $278.13 and a 200-day moving average of $278.06. The firm has a market cap of $108.59 billion, a PE ratio of 11.03, a P/E/G ratio of 5.65 and a beta of 0.67. Chubb Limited has a 12-month low of $226.74 and a 12-month 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.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s revenue was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $4.95 EPS. As a group, sell-side analysts expect that Chubb Limited will post 21.93 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 paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CB. Jefferies Financial Group lifted their price target on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Bank of America upped their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Piper Sandler raised their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. JMP Securities increased their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. increased their price target on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $288.17.

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.