World Equity Group Inc. Acquires New Shares in Chubb Limited (NYSE:CB)

World Equity Group Inc. acquired a new stake in Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,540 shares of the financial services provider’s stock, valued at approximately $426,000.

Other large investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC lifted its holdings in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the third quarter valued at approximately $29,000. Raelipskie Partnership acquired a new position in Chubb during the third quarter worth $29,000. Sierra Ocean LLC acquired a new position in Chubb during the fourth quarter worth $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb during the third quarter worth $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CB has been the topic of a number of research reports. JPMorgan Chase & Co. upped their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Wells Fargo & Company decreased 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. Morgan Stanley upped their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Keefe, Bruyette & Woods upped their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Finally, JMP Securities restated a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average price target of $295.73.

Chubb Stock Performance

NYSE:CB opened at $267.19 on Monday. The firm has a market capitalization of $107.70 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The business’s fifty day moving average price is $270.59 and its 200 day moving average price is $279.55. 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 Limited has a 12 month low of $238.85 and a 12 month high of $302.05.

Chubb (NYSE:CB) last posted its 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 return on equity of 13.75% and a net margin of 16.63%. On average, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

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.