BankPlus Trust Department Takes $318,000 Position in Chubb Limited (NYSE:CB)

BankPlus Trust Department acquired a new stake in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 1,152 shares of the financial services provider’s stock, valued at approximately $318,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its stake in shares of Chubb by 7.3% during the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares in the last quarter. Barclays PLC raised its holdings in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after buying an additional 388,746 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec boosted its position in 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 buying an additional 389,343 shares during the period. PNC Financial Services Group Inc. grew its holdings in 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 acquiring an additional 7,462 shares during the last quarter. Finally, National Pension Service increased its position in Chubb by 14.1% in the 3rd quarter. National Pension Service now owns 813,125 shares of the financial services provider’s stock valued at $234,497,000 after acquiring an additional 100,470 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of a number of recent research reports. Evercore ISI lifted their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. 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 report on Tuesday, January 14th. Barclays reduced their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. upped their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and a consensus price target of $295.73.

Chubb Stock Up 2.3 %

Shares of NYSE:CB opened at $273.45 on Tuesday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $270.54 and a two-hundred day simple moving average of $279.58. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The stock has a market capitalization of $110.23 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) 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, research analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

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.