27,680 Shares in Chubb Limited (NYSE:CB) Bought by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC acquired a new stake in Chubb Limited (NYSE:CB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 27,680 shares of the financial services provider’s stock, valued at approximately $7,648,000. Chubb accounts for approximately 2.7% of Stoneridge Investment Partners LLC’s investment portfolio, making the stock its 8th biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ironwood Investment Counsel LLC boosted its position in Chubb by 2.1% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after buying an additional 35 shares during the last quarter. Continuum Advisory LLC boosted 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 purchasing an additional 35 shares during the last quarter. First Financial Bank Trust Division grew its stake in Chubb by 3.7% during the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 37 shares in the last quarter. Wealth Effects LLC increased its holdings in Chubb by 3.0% during the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 40 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its position in shares of Chubb by 1.1% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock valued at $1,069,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. upped their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. 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 note on Tuesday, January 14th. Morgan Stanley upped their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, JMP Securities reiterated a “market outperform” rating and set a $325.00 target price 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 issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $295.73.

Chubb Trading Down 1.0 %

Shares of CB stock opened at $270.14 on Friday. The firm has a market capitalization of $108.89 billion, a PE ratio of 11.89, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The stock has a fifty day moving average of $273.52 and a two-hundred day moving average of $279.55.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, research analysts expect that Chubb Limited will post 21.66 EPS for the current year.

Chubb Dividend Announcement

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