Simon Quick Advisors LLC Has $481,000 Holdings in Chubb Limited (NYSE:CB)

Simon Quick Advisors LLC increased its position in Chubb Limited (NYSE:CB) by 11.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,741 shares of the financial services provider’s stock after purchasing an additional 174 shares during the period. Simon Quick Advisors LLC’s holdings in Chubb were worth $481,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fort Washington Investment Advisors Inc. OH boosted its position in shares of Chubb by 3.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 9,523 shares of the financial services provider’s stock worth $2,631,000 after buying an additional 297 shares during the period. Planned Solutions Inc. boosted its position in Chubb by 6.7% during the 4th quarter. Planned Solutions Inc. now owns 953 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 60 shares during the period. Atomi Financial Group Inc. grew its stake in Chubb by 6.2% during the 4th quarter. Atomi Financial Group Inc. now owns 4,778 shares of the financial services provider’s stock valued at $1,320,000 after acquiring an additional 278 shares in the last quarter. Transform Wealth LLC grew its stake in Chubb by 12.5% during the 4th quarter. Transform Wealth LLC now owns 40,549 shares of the financial services provider’s stock valued at $11,240,000 after acquiring an additional 4,513 shares in the last quarter. Finally, Chesley Taft & Associates LLC increased its holdings in shares of Chubb by 0.7% in the 4th quarter. Chesley Taft & Associates LLC now owns 99,281 shares of the financial services provider’s stock valued at $27,431,000 after purchasing an additional 696 shares during the period. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of NYSE CB opened at $268.21 on Thursday. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The company has a market cap of $108.11 billion, a P/E ratio of 10.98, a P/E/G ratio of 7.29 and a beta of 0.67. The business’s 50 day moving average is $277.39 and its two-hundred day moving average is $278.72. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping 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 business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the previous year, the firm posted $4.95 earnings per share. Chubb’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts expect that Chubb Limited will post 22 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is presently 14.91%.

Analyst Ratings Changes

CB has been the topic of a number of research analyst reports. Morgan Stanley boosted their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Piper Sandler upped their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, October 4th. Wells Fargo & Company reduced their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. JMP Securities upped their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their price target on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $288.17.

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.