Chubb Limited (NYSE:CB) Shares Acquired by Bell Bank

Bell Bank boosted its stake in shares of Chubb Limited (NYSE:CB) by 9.9% in the fourth quarter, HoldingsChannel reports. The firm owned 2,235 shares of the financial services provider’s stock after purchasing an additional 201 shares during the quarter. Bell Bank’s holdings in Chubb were worth $618,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC raised its stake in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb during the 3rd quarter valued at $29,000. Raelipskie Partnership bought a new stake in Chubb during the 3rd quarter valued at $29,000. Sierra Ocean LLC bought a new stake in Chubb during the 4th quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new stake in Chubb during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Down 0.1 %

Shares of Chubb stock opened at $267.19 on Friday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. 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 firm has a market capitalization of $107.70 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. The stock’s fifty day moving average is $270.59 and its 200-day moving average is $279.36.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on CB shares. Wells Fargo & Company cut their target price 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. Keefe, Bruyette & Woods boosted their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Finally, Evercore ISI boosted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $295.73.

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.