Chubb Limited (NYSE:CB) Shares Sold by Polaris Capital Management LLC

Polaris Capital Management LLC trimmed its position in Chubb Limited (NYSE:CB) by 3.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 127,469 shares of the financial services provider’s stock after selling 4,600 shares during the quarter. Chubb comprises 1.7% of Polaris Capital Management LLC’s investment portfolio, making the stock its 26th biggest position. Polaris Capital Management LLC’s holdings in Chubb were worth $35,220,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Peterson Wealth Services boosted its position in Chubb by 5.7% in the 4th quarter. Peterson Wealth Services now owns 10,079 shares of the financial services provider’s stock valued at $2,785,000 after buying an additional 544 shares during the period. Stonebridge Financial Group LLC purchased a new stake in shares of Chubb during the fourth quarter worth approximately $4,188,000. Essex Financial Services Inc. raised its holdings in Chubb by 12.8% in the fourth quarter. Essex Financial Services Inc. now owns 5,224 shares of the financial services provider’s stock valued at $1,443,000 after acquiring an additional 592 shares in the last quarter. Summit Trail Advisors LLC grew its holdings in Chubb by 4.7% during the 4th quarter. Summit Trail Advisors LLC now owns 6,625 shares of the financial services provider’s stock worth $1,837,000 after acquiring an additional 299 shares in the last quarter. Finally, Arlington Trust Co LLC increased its position in shares of Chubb by 36.9% in the 4th quarter. Arlington Trust Co LLC now owns 1,243 shares of the financial services provider’s stock valued at $343,000 after purchasing an additional 335 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the topic of a number of analyst reports. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Evercore ISI boosted their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $295.73.

Chubb Price Performance

CB opened at $266.32 on Tuesday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a market cap of $107.36 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 3.41 and a beta of 0.67. The company has a fifty day simple moving average of $273.52 and a 200 day simple moving average of $279.80.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts expect that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

About Chubb

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.