Vista Investment Partners LLC Has $3.48 Million Stock Holdings in Chubb Limited (NYSE:CB)

Vista Investment Partners LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 2.9% during the 4th quarter, HoldingsChannel reports. The firm owned 12,582 shares of the financial services provider’s stock after acquiring an additional 351 shares during the period. Vista Investment Partners LLC’s holdings in Chubb were worth $3,476,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Regency Capital Management Inc. DE grew its holdings in shares of Chubb by 8.0% during the fourth quarter. Regency Capital Management Inc. DE now owns 36,575 shares of the financial services provider’s stock worth $10,106,000 after purchasing an additional 2,699 shares during the last quarter. First Citizens Bank & Trust Co. raised its position in shares of Chubb by 6.4% in the 4th quarter. First Citizens Bank & Trust Co. now owns 4,527 shares of the financial services provider’s stock worth $1,251,000 after acquiring an additional 271 shares in the last quarter. Smith Chas P & Associates PA Cpas lifted its stake in shares of Chubb by 0.9% in the 4th quarter. Smith Chas P & Associates PA Cpas now owns 157,205 shares of the financial services provider’s stock valued at $43,436,000 after purchasing an additional 1,471 shares during the period. Advocate Group LLC boosted its position in shares of Chubb by 0.4% during the 4th quarter. Advocate Group LLC now owns 23,800 shares of the financial services provider’s stock valued at $6,576,000 after purchasing an additional 86 shares in the last quarter. Finally, Compass Wealth Management LLC grew its stake in Chubb by 0.8% during the fourth quarter. Compass Wealth Management LLC now owns 15,646 shares of the financial services provider’s stock worth $4,323,000 after purchasing an additional 128 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. JMP Securities boosted their price target on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Piper Sandler increased their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Barclays dropped their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Bank of America increased their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Finally, Morgan Stanley upped their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $288.17.

Chubb Stock Performance

NYSE CB opened at $266.71 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The company has a fifty day moving average price of $276.24 and a 200-day moving average price of $278.65. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The firm 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 issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (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 business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the firm posted $4.95 EPS. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts predict that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders 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 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.