Kestra Investment Management LLC Purchases Shares of 319 Chubb Limited (NYSE:CB)

Kestra Investment Management LLC purchased a new stake in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 319 shares of the financial services provider’s stock, valued at approximately $88,000.

Several other hedge funds have also added to or reduced their stakes in the business. Atria Wealth Solutions Inc. lifted its holdings in shares of Chubb by 19.7% during the fourth quarter. Atria Wealth Solutions Inc. now owns 16,143 shares of the financial services provider’s stock worth $4,471,000 after buying an additional 2,655 shares in the last quarter. Kornitzer Capital Management Inc. KS lifted its holdings in shares of Chubb by 14.3% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 914 shares of the financial services provider’s stock worth $253,000 after buying an additional 114 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of Chubb by 25.3% in the fourth quarter. Venturi Wealth Management LLC now owns 2,427 shares of the financial services provider’s stock worth $671,000 after purchasing an additional 490 shares during the period. D.A. Davidson & CO. increased its position in shares of Chubb by 2.1% in the fourth quarter. D.A. Davidson & CO. now owns 240,268 shares of the financial services provider’s stock worth $66,386,000 after purchasing an additional 5,006 shares during the period. Finally, Empower Advisory Group LLC grew its position in Chubb by 17.7% in the fourth quarter. Empower Advisory Group LLC now owns 1,488 shares of the financial services provider’s stock valued at $411,000 after acquiring an additional 224 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods boosted 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. JPMorgan Chase & Co. raised their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Barclays dropped their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company lowered their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Finally, Evercore ISI raised their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $295.73.

Chubb Price Performance

NYSE:CB opened at $267.69 on Friday. The firm has a market capitalization of $107.90 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 3.35 and a beta of 0.67. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The business has a 50 day simple moving average of $270.77 and a 200-day simple moving average of $279.37. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts forecast that Chubb Limited will post 21.52 EPS for the current year.

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.