Nations Financial Group Inc. IA ADV Purchases 369 Shares of Chubb Limited (NYSE:CB)

Nations Financial Group Inc. IA ADV raised its position in shares of Chubb Limited (NYSE:CB) by 3.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,249 shares of the financial services provider’s stock after acquiring an additional 369 shares during the period. Nations Financial Group Inc. IA ADV’s holdings in Chubb were worth $3,384,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its stake in shares of Chubb by 15.0% in the third quarter. Exchange Traded Concepts LLC now owns 3,143 shares of the financial services provider’s stock valued at $906,000 after buying an additional 411 shares during the period. Wedge Capital Management L L P NC bought a new stake in shares of Chubb in the third quarter valued at about $227,000. Vontobel Holding Ltd. lifted its stake in shares of Chubb by 2.7% in the third quarter. Vontobel Holding Ltd. now owns 20,360 shares of the financial services provider’s stock valued at $5,872,000 after buying an additional 534 shares during the period. Cornerstone Wealth Management LLC lifted its stake in shares of Chubb by 42.8% in the third quarter. Cornerstone Wealth Management LLC now owns 4,004 shares of the financial services provider’s stock valued at $1,155,000 after buying an additional 1,200 shares during the period. Finally, Good Life Advisors LLC lifted its stake in shares of Chubb by 120.5% in the third quarter. Good Life Advisors LLC now owns 4,124 shares of the financial services provider’s stock valued at $1,190,000 after buying an additional 2,254 shares during the period. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

NYSE CB opened at $264.49 on Friday. The firm has a market cap of $106.62 billion, a price-to-earnings ratio of 11.64, a PEG ratio of 3.41 and a beta of 0.67. The company has a 50 day moving average of $271.91 and a 200-day moving average of $279.64. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB) last posted 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 net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts forecast that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is currently 16.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Evercore ISI increased 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. JPMorgan Chase & Co. increased their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Finally, JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $295.73.

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.