CX Institutional Grows Position in Chubb Limited (NYSE:CB)

CX Institutional raised its position in Chubb Limited (NYSE:CB) by 5.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,879 shares of the financial services provider’s stock after buying an additional 152 shares during the quarter. CX Institutional’s holdings in Chubb were worth $796,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of CB. Berbice Capital Management LLC acquired a new stake in Chubb during the 4th quarter worth $83,000. Impact Partnership Wealth LLC purchased a new stake in shares of Chubb in the fourth quarter valued at about $623,000. RFG Advisory LLC boosted its stake in shares of Chubb by 111.4% during the fourth quarter. RFG Advisory LLC now owns 2,442 shares of the financial services provider’s stock worth $675,000 after buying an additional 1,287 shares during the period. MFA Wealth Services purchased a new position in shares of Chubb during the fourth quarter worth about $461,000. Finally, Cornerstone Wealth Management LLC increased its position in Chubb by 4.6% in the 4th quarter. Cornerstone Wealth Management LLC now owns 4,188 shares of the financial services provider’s stock valued at $1,157,000 after acquiring an additional 184 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CB has been the subject of a number of recent research reports. JPMorgan Chase & Co. increased their price objective on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Morgan Stanley lifted their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Barclays cut their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, Bank of America increased their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $288.17.

Chubb Price Performance

Shares of NYSE CB opened at $266.71 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 company’s 50-day moving average price is $276.24 and its 200 day moving average price is $278.65. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The stock has a market cap of $107.51 billion, a price-to-earnings ratio of 10.92, a PEG ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period in the prior year, the business earned $4.95 earnings per share. The company’s quarterly revenue was up 5.5% on a year-over-year basis. As a group, research analysts forecast that Chubb Limited will post 21.95 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. Chubb’s dividend payout ratio is currently 14.91%.

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.