WestEnd Advisors LLC Buys 158,584 Shares of Chubb Limited (NYSE:CB)

WestEnd Advisors LLC increased its stake in Chubb Limited (NYSE:CB) by 5,286,133.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 158,587 shares of the financial services provider’s stock after buying an additional 158,584 shares during the period. Chubb accounts for about 1.1% of WestEnd Advisors LLC’s holdings, making the stock its 27th largest holding. WestEnd Advisors LLC’s holdings in Chubb were worth $43,817,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Stoneridge Investment Partners LLC bought a new position in shares of Chubb in the fourth quarter worth approximately $7,648,000. WCM Investment Management LLC lifted its holdings in shares of Chubb by 77.7% during the fourth quarter. WCM Investment Management LLC now owns 7,399 shares of the financial services provider’s stock valued at $2,038,000 after purchasing an additional 3,235 shares in the last quarter. Thompson Investment Management Inc. bought a new position in Chubb during the 4th quarter valued at about $91,000. Empowered Funds LLC boosted its holdings in shares of Chubb by 3.9% during the 4th quarter. Empowered Funds LLC now owns 12,501 shares of the financial services provider’s stock valued at $3,454,000 after acquiring an additional 468 shares during the last quarter. Finally, Advisory Resource Group grew its stake in shares of Chubb by 7.3% in the fourth quarter. Advisory Resource Group now owns 3,739 shares of the financial services provider’s stock worth $1,033,000 after acquiring an additional 255 shares during the period. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of CB stock opened at $270.14 on Friday. The stock has a market capitalization of $108.89 billion, a price-to-earnings ratio of 11.89, a P/E/G ratio of 3.41 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The stock has a fifty day simple moving average of $273.52 and a two-hundred day simple moving average of $279.55.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS 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%. On average, analysts predict that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

Wall Street Analyst Weigh In

CB has been the topic of a number of research reports. Wells Fargo & Company dropped their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Morgan Stanley increased their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods raised their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $295.73.

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.