Versant Capital Management Inc Increases Position in Chubb Limited (NYSE:CB)

Versant Capital Management Inc lifted its position in shares of Chubb Limited (NYSE:CB) by 133.9% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 552 shares of the financial services provider’s stock after buying an additional 316 shares during the quarter. Versant Capital Management Inc’s holdings in Chubb were worth $153,000 at the end of the most recent quarter.

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

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on CB shares. Wells Fargo & Company raised their target price on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods raised their price objective on Chubb from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Jefferies Financial Group boosted their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Morgan Stanley raised their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, JPMorgan Chase & Co. upped their price objective on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $287.47.

Chubb Price Performance

CB opened at $271.73 on Friday. The business has a fifty day moving average of $281.19 and a 200 day moving average of $277.76. The stock has a market cap of $109.53 billion, a P/E ratio of 11.13, a PEG ratio of 6.43 and a beta of 0.67. 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 Limited has a 52-week low of $222.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last posted its quarterly 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 net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the prior year, the business posted $4.95 earnings per share. The business’s revenue for the quarter was up 5.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.34%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is presently 14.91%.

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.