MONECO Advisors LLC Buys 386 Shares of Chubb Limited (NYSE:CB)

MONECO Advisors LLC raised its stake in Chubb Limited (NYSE:CB) by 28.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,757 shares of the financial services provider’s stock after acquiring an additional 386 shares during the quarter. MONECO Advisors LLC’s holdings in Chubb were worth $486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in CB. Lansing Street Advisors raised its holdings in Chubb by 68.7% in the 4th quarter. Lansing Street Advisors now owns 1,889 shares of the financial services provider’s stock valued at $522,000 after buying an additional 769 shares during the last quarter. Howard Capital Management Inc. bought a new position in Chubb in the 4th quarter valued at approximately $725,000. First Horizon Advisors Inc. raised its holdings in Chubb by 0.3% in the 4th quarter. First Horizon Advisors Inc. now owns 41,905 shares of the financial services provider’s stock valued at $11,579,000 after buying an additional 116 shares during the last quarter. Pinnacle Financial Partners Inc raised its holdings in Chubb by 122.0% in the 4th quarter. Pinnacle Financial Partners Inc now owns 18,610 shares of the financial services provider’s stock valued at $5,171,000 after buying an additional 10,228 shares during the last quarter. Finally, Callan Capital LLC raised its holdings in Chubb by 14.6% in the 4th quarter. Callan Capital LLC now owns 1,541 shares of the financial services provider’s stock valued at $426,000 after buying an additional 196 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $273.45 on Tuesday. The company has a market cap 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 firm has a 50 day moving average of $270.54 and a 200-day moving average of $279.58.

Chubb (NYSE:CB) last posted its quarterly 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%. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CB. Morgan Stanley increased their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Wells Fargo & Company decreased their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Barclays decreased their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. increased their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Chubb presently has a consensus rating of “Hold” and an average 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.