Beacon Investment Advisory Services Inc. Purchases New Stake in Chubb Limited (NYSE:CB)

Beacon Investment Advisory Services Inc. bought a new stake in shares of Chubb Limited (NYSE:CB) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 2,599 shares of the financial services provider’s stock, valued at approximately $718,000.

Several other hedge funds also recently modified their holdings of CB. Mutual Advisors LLC boosted its stake in Chubb by 25.5% in the fourth quarter. Mutual Advisors LLC now owns 2,071 shares of the financial services provider’s stock valued at $567,000 after acquiring an additional 421 shares during the last quarter. Echo45 Advisors LLC increased its holdings in Chubb by 5.8% in the fourth quarter. Echo45 Advisors LLC now owns 964 shares of the financial services provider’s stock valued at $262,000 after purchasing an additional 53 shares during the last quarter. Janney Montgomery Scott LLC lifted its stake in Chubb by 5.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 257,400 shares of the financial services provider’s stock valued at $71,120,000 after buying an additional 14,435 shares during the period. Bartlett & CO. Wealth Management LLC grew its position in shares of Chubb by 1.9% during the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 235,495 shares of the financial services provider’s stock worth $65,256,000 after buying an additional 4,414 shares during the period. Finally, Phillips Wealth Planners LLC increased its stake in shares of Chubb by 4.2% in the 4th quarter. Phillips Wealth Planners LLC now owns 1,440 shares of the financial services provider’s stock valued at $371,000 after acquiring an additional 58 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

NYSE:CB opened at $266.21 on Friday. 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 firm has a fifty day simple moving average of $277.08 and a 200 day simple moving average of $278.64. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The stock has a market capitalization of $107.31 billion, a PE ratio of 10.90, a P/E/G ratio of 7.24 and a beta of 0.67.

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 return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter last year, the company posted $4.95 earnings per share. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts expect that Chubb Limited will post 22 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.37%. Chubb’s dividend payout ratio is currently 14.91%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CB. Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. 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. Keefe, Bruyette & Woods raised their price target on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. JPMorgan Chase & Co. boosted their price objective on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Finally, Piper Sandler lifted their price target on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Chubb presently 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.