Chubb Limited (NYSE:CB) Stake Increased by United Asset Strategies Inc.

United Asset Strategies Inc. increased its holdings in shares of Chubb Limited (NYSE:CB) by 1.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,079 shares of the financial services provider’s stock after buying an additional 40 shares during the quarter. United Asset Strategies Inc.’s holdings in Chubb were worth $851,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Continuum Advisory LLC increased its stake in shares of Chubb by 56.5% in 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 last quarter. Kozak & Associates Inc. purchased a new position in Chubb in the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb during the 3rd quarter worth about $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb during the 3rd quarter valued at about $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb in the third quarter worth approximately $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CB has been the subject of a number of analyst reports. Evercore ISI lifted their target price on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley upped their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. raised their target price on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Barclays decreased their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, Piper Sandler raised their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $288.17.

Chubb Trading Up 3.7 %

Chubb stock opened at $276.48 on Tuesday. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05. The stock has a market cap of $111.45 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. The business has a 50 day moving average price of $276.24 and a two-hundred day moving average price of $278.99. 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 posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share 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 firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter in the previous year, the company earned $4.95 earnings per share. The business’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts forecast that Chubb Limited will post 21.95 EPS for the current year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.32%. Chubb’s dividend payout ratio (DPR) 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.