Crestwood Advisors Group LLC Grows Position in Chubb Limited (NYSE:CB)

Crestwood Advisors Group LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 138.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,548 shares of the financial services provider’s stock after acquiring an additional 2,643 shares during the period. Crestwood Advisors Group LLC’s holdings in Chubb were worth $1,257,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Continuum Advisory LLC grew its position in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the third quarter valued at approximately $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb in the 3rd quarter worth $29,000. Sierra Ocean LLC purchased a new position in shares of Chubb during the 4th quarter worth $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb during the 3rd quarter valued at about $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

Shares of CB opened at $273.45 on Tuesday. The company has a market capitalization of $110.23 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. Chubb Limited has a 52-week low of $238.85 and a 52-week 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 stock has a 50 day moving average price of $270.54 and a 200 day moving average price of $279.58.

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, beating 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%. Research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on CB shares. Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. 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. Wells Fargo & Company lowered their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $295.73.

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.