HB Wealth Management LLC Grows Stock Position in Chubb Limited (NYSE:CB)

HB Wealth Management LLC boosted its stake in shares of Chubb Limited (NYSE:CB) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,749 shares of the financial services provider’s stock after acquiring an additional 1,193 shares during the quarter. HB Wealth Management LLC’s holdings in Chubb were worth $9,048,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of CB. Financial & Tax Architects LLC boosted its holdings in shares of Chubb by 9.7% during the fourth quarter. Financial & Tax Architects LLC now owns 2,163 shares of the financial services provider’s stock worth $598,000 after purchasing an additional 192 shares during the period. KRS Capital Management LLC grew its position in shares of Chubb by 2.6% in the 4th quarter. KRS Capital Management LLC now owns 3,627 shares of the financial services provider’s stock worth $1,002,000 after buying an additional 91 shares during the last quarter. InTrack Investment Management Inc increased its stake in shares of Chubb by 21.9% during the fourth quarter. InTrack Investment Management Inc now owns 2,568 shares of the financial services provider’s stock valued at $682,000 after buying an additional 461 shares during the period. Dakota Community Bank & Trust NA raised its holdings in shares of Chubb by 11.0% during the fourth quarter. Dakota Community Bank & Trust NA now owns 454 shares of the financial services provider’s stock valued at $125,000 after acquiring an additional 45 shares in the last quarter. Finally, Brooklyn Investment Group lifted its stake in Chubb by 13.6% in the fourth quarter. Brooklyn Investment Group now owns 2,668 shares of the financial services provider’s stock worth $737,000 after acquiring an additional 319 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CB has been the topic of a number of research analyst reports. Bank of America boosted their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company cut their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their target price on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Jefferies Financial Group lifted their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $288.17.

Chubb Price Performance

NYSE CB opened at $269.38 on Friday. Chubb Limited has a one year low of $226.74 and a one year high of $302.05. The stock has a 50-day moving average of $277.89 and a 200 day moving average of $278.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $108.59 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 5.65 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the prior year, the firm earned $4.95 earnings per share. The firm’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, sell-side analysts forecast that Chubb Limited will post 21.93 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is currently 14.91%.

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.