Chubb Limited (NYSE:CB) Shares Purchased by Stablepoint Partners LLC

Stablepoint Partners LLC raised its stake in Chubb Limited (NYSE:CB) by 2.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,068 shares of the financial services provider’s stock after purchasing an additional 135 shares during the quarter. Stablepoint Partners LLC’s holdings in Chubb were worth $1,400,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new position in Chubb during the second quarter valued at approximately $459,000. Murchinson Ltd. acquired a new position in shares of Chubb during the 2nd quarter valued at $797,000. Ascent Group LLC lifted its holdings in shares of Chubb by 12.4% during the 2nd quarter. Ascent Group LLC now owns 6,946 shares of the financial services provider’s stock valued at $1,772,000 after acquiring an additional 764 shares in the last quarter. Creative Planning boosted its position in Chubb by 9.2% during the 2nd quarter. Creative Planning now owns 141,320 shares of the financial services provider’s stock worth $36,048,000 after purchasing an additional 11,891 shares during the period. Finally, Magnolia Capital Advisors LLC acquired a new stake in Chubb in the 2nd quarter valued at $13,182,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group upped their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. JMP Securities upped their price target on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $288.17.

Chubb Price Performance

Shares of CB opened at $266.71 on Monday. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. 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 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. The stock has a 50 day moving average of $276.24 and a 200-day moving average of $278.83.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share 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 firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the previous year, the firm earned $4.95 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts forecast that Chubb Limited will post 21.95 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced 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 of this dividend 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 currently 14.91%.

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.