Sawgrass Asset Management LLC Has $411,000 Stock Holdings in Chubb Limited (NYSE:CB)

Sawgrass Asset Management LLC cut its position in Chubb Limited (NYSE:CB) by 4.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,487 shares of the financial services provider’s stock after selling 69 shares during the period. Sawgrass Asset Management LLC’s holdings in Chubb were worth $411,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Continuum Advisory LLC lifted its position 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 acquiring an additional 35 shares in the last quarter. Kozak & Associates Inc. bought a new position in Chubb in the 3rd quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd bought a new position in Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership bought a new position in Chubb in the 3rd quarter valued at about $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb in the 3rd quarter valued at about $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the topic of several recent research reports. Barclays dropped their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Evercore ISI raised their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their target price 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. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $295.73.

Chubb Trading Up 1.1 %

NYSE:CB opened at $267.89 on Friday. 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 stock has a market capitalization of $107.98 billion, a PE ratio of 11.79, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. The firm’s 50 day moving average is $272.29 and its 200 day moving average is $279.72. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05.

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

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.36%. Chubb’s dividend payout ratio is 16.02%.

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.