Chubb Limited (NYSE:CB) Shares Purchased by BluePath Capital Management LLC

BluePath Capital Management LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 19.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 4,531 shares of the financial services provider’s stock after acquiring an additional 748 shares during the quarter. BluePath Capital Management LLC’s holdings in Chubb were worth $1,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC increased its stake in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after acquiring an additional 1,052,999 shares during the last quarter. International Assets Investment Management LLC increased its position in Chubb by 28,885.3% during the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock worth $2,696,640,000 after purchasing an additional 931,841 shares during the last quarter. Assenagon Asset Management S.A. increased its position in Chubb by 4,559.3% during the third quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock worth $243,641,000 after purchasing an additional 826,700 shares during the last quarter. Troy Asset Management Ltd purchased a new position in Chubb during the second quarter worth about $106,975,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its holdings in Chubb by 49.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after purchasing an additional 389,343 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $268.34 on Thursday. The company has a market cap of $108.17 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth 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 $226.06 and a 52 week high of $302.05. The company has a fifty day simple moving average of $278.46 and a two-hundred day simple moving average of $278.16.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm posted $4.95 EPS. As a group, equities analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.36%. Chubb’s payout ratio is 14.91%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CB. Evercore ISI raised their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Barclays reduced their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Morgan Stanley upped their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods raised their price objective on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Finally, Piper Sandler upped their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and an average target price of $288.17.

Chubb Company 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.