CIBC Asset Management Inc Buys 1,294 Shares of Chubb Limited (NYSE:CB)

CIBC Asset Management Inc boosted its position in Chubb Limited (NYSE:CB) by 2.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 60,833 shares of the financial services provider’s stock after purchasing an additional 1,294 shares during the quarter. CIBC Asset Management Inc’s holdings in Chubb were worth $16,808,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Stratos Wealth Advisors LLC purchased a new position in shares of Chubb during the third quarter valued at approximately $252,000. Capital Investment Advisors LLC raised its holdings in shares of Chubb by 10.0% during the third quarter. Capital Investment Advisors LLC now owns 2,075 shares of the financial services provider’s stock valued at $598,000 after purchasing an additional 189 shares during the last quarter. Resonant Capital Advisors LLC lifted its position in Chubb by 8.6% during the third quarter. Resonant Capital Advisors LLC now owns 1,626 shares of the financial services provider’s stock valued at $470,000 after purchasing an additional 129 shares during the period. Gilliland Jeter Wealth Management LLC lifted its holdings in shares of Chubb by 2.8% during the 3rd quarter. Gilliland Jeter Wealth Management LLC now owns 6,739 shares of the financial services provider’s stock valued at $1,943,000 after buying an additional 182 shares during the period. Finally, Wealth Advisory Solutions LLC purchased a new stake in shares of Chubb during the 3rd quarter valued at about $2,751,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. 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 report on Wednesday, October 30th. Finally, Evercore ISI boosted their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, Chubb presently has a consensus rating of “Hold” and a consensus target price of $295.73.

Chubb Stock Down 1.2 %

Shares of Chubb stock opened at $264.49 on Tuesday. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The firm’s 50 day moving average price is $271.54 and its 200-day moving average price is $279.63. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a market cap of $106.62 billion, a P/E ratio of 11.64, a PEG ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last issued its quarterly 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%. On average, sell-side analysts predict that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Chubb Company 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.