Financial Advocates Investment Management Acquires 71 Shares of Chubb Limited (NYSE:CB)

Financial Advocates Investment Management lifted its holdings in shares of Chubb Limited (NYSE:CB) by 2.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,654 shares of the financial services provider’s stock after buying an additional 71 shares during the period. Financial Advocates Investment Management’s holdings in Chubb were worth $1,010,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Bleakley Financial Group LLC grew its stake in shares of Chubb by 2.8% during the fourth quarter. Bleakley Financial Group LLC now owns 9,069 shares of the financial services provider’s stock worth $2,506,000 after buying an additional 250 shares during the last quarter. YANKCOM Partnership bought a new stake in Chubb during the 4th quarter worth $579,000. NovaPoint Capital LLC grew its position in Chubb by 1.4% during the 4th quarter. NovaPoint Capital LLC now owns 17,532 shares of the financial services provider’s stock worth $4,844,000 after acquiring an additional 241 shares during the last quarter. Tyche Wealth Partners LLC increased its holdings in Chubb by 48.5% in the 4th quarter. Tyche Wealth Partners LLC now owns 2,128 shares of the financial services provider’s stock worth $588,000 after purchasing an additional 695 shares in the last quarter. Finally, Choreo LLC boosted its stake in shares of Chubb by 109.5% during the fourth quarter. Choreo LLC now owns 27,331 shares of the financial services provider’s stock valued at $7,540,000 after purchasing an additional 14,288 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Down 1.0 %

Chubb stock opened at $270.14 on Friday. The company has a market capitalization of $108.89 billion, a PE ratio of 11.89, a PEG ratio of 3.35 and a beta of 0.67. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The firm’s fifty day moving average is $273.89 and its 200 day moving average is $279.49. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts predict that Chubb Limited will post 21.91 EPS for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Analyst Upgrades and Downgrades

CB has been the subject of several recent research reports. Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Wells Fargo & Company decreased their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Barclays cut their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $295.73.

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.