Chubb Limited (NYSE:CB) Shares Bought by Princeton Global Asset Management LLC

Princeton Global Asset Management LLC grew its holdings in Chubb Limited (NYSE:CB) by 31.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,581 shares of the financial services provider’s stock after buying an additional 6,076 shares during the quarter. Chubb accounts for 1.3% of Princeton Global Asset Management LLC’s investment portfolio, making the stock its 18th largest position. Princeton Global Asset Management LLC’s holdings in Chubb were worth $7,068,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Chicago Capital LLC increased its stake in Chubb by 20.7% during the 4th quarter. Chicago Capital LLC now owns 6,877 shares of the financial services provider’s stock worth $1,900,000 after buying an additional 1,180 shares in the last quarter. Abner Herrman & Brock LLC boosted its stake in Chubb by 0.7% during the 4th quarter. Abner Herrman & Brock LLC now owns 71,702 shares of the financial services provider’s stock worth $19,811,000 after purchasing an additional 523 shares during the last quarter. Willis Investment Counsel grew its holdings in shares of Chubb by 1.0% during the fourth quarter. Willis Investment Counsel now owns 147,367 shares of the financial services provider’s stock worth $40,718,000 after buying an additional 1,424 shares in the last quarter. Stock Yards Bank & Trust Co. lifted its stake in shares of Chubb by 1.8% in the fourth quarter. Stock Yards Bank & Trust Co. now owns 3,139 shares of the financial services provider’s stock worth $867,000 after buying an additional 55 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in Chubb by 3.3% during the fourth quarter. CENTRAL TRUST Co now owns 3,690 shares of the financial services provider’s stock worth $1,020,000 after acquiring an additional 119 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on CB shares. Morgan Stanley boosted their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Evercore ISI upped their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Jefferies Financial Group lifted their target price on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Finally, Barclays dropped their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $290.12.

Chubb Stock Performance

Shares of CB stock opened at $272.01 on Monday. 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 Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The stock has a market capitalization of $109.65 billion, a PE ratio of 11.97, a P/E/G ratio of 7.45 and a beta of 0.67. The firm has a 50 day moving average of $275.16 and a two-hundred day moving average of $279.37.

Chubb (NYSE:CB) last issued its quarterly 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 net margin of 16.63% and a return on equity of 13.86%. On average, research analysts predict that Chubb Limited will post 22.86 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.34%. Chubb’s dividend payout ratio is presently 16.02%.

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.