Asset Planning Inc Takes $1.22 Million Position in Chubb Limited (NYSE:CB)

Asset Planning Inc bought a new stake in shares of Chubb Limited (NYSE:CB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,428 shares of the financial services provider’s stock, valued at approximately $1,224,000. Chubb comprises 0.9% of Asset Planning Inc’s investment portfolio, making the stock its 24th largest holding.

Several other hedge funds have also modified their holdings of the stock. FMR LLC lifted its stake in Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after acquiring an additional 1,052,999 shares in the last quarter. Barclays PLC raised its stake in shares of Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Chubb by 49.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after purchasing an additional 389,343 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Chubb by 28,885.3% during the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock worth $2,696,640,000 after purchasing an additional 931,841 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of Chubb by 0.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider’s stock worth $266,940,000 after purchasing an additional 7,462 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on CB shares. Morgan Stanley raised their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Wells Fargo & Company cut their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. Finally, Evercore ISI increased their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus target price of $295.73.

Chubb Stock Performance

CB opened at $267.89 on Friday. The firm has a market capitalization of $107.98 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. The stock’s 50 day moving average price is $272.29 and its two-hundred day moving average price is $279.72. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities analysts forecast that Chubb Limited will post 21.66 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.91 per share. 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 16.02%.

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.