Chubb Limited (NYSE:CB) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in Chubb Limited (NYSE:CB) by 137.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 82,758 shares of the financial services provider’s stock after buying an additional 47,954 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Chubb were worth $22,579,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of CB. Continuum Advisory LLC increased its stake in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership purchased a new stake in Chubb in the 3rd quarter valued at approximately $29,000. Truvestments Capital LLC acquired a new position in Chubb during the 3rd quarter worth approximately $30,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of Chubb during the 4th quarter worth approximately $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CB shares. Keefe, Bruyette & Woods lifted their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Morgan Stanley boosted their target price 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. Wells Fargo & Company cut their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Barclays decreased 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. Finally, JPMorgan Chase & Co. increased their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $295.73.

Chubb Trading Down 1.2 %

Chubb stock opened at $264.49 on Friday. The stock has a 50-day moving average price of $271.54 and a 200 day moving average price of $279.59. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The stock has a market cap of $106.62 billion, a PE ratio of 11.64, 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 (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities research analysts predict that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 16.02%.

About Chubb

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.