Cullen Investment Group LTD. Has $5.67 Million Stock Position in Chubb Limited (NYSE:CB)

Cullen Investment Group LTD. increased its stake in shares of Chubb Limited (NYSE:CB) by 1.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,514 shares of the financial services provider’s stock after buying an additional 386 shares during the quarter. Cullen Investment Group LTD.’s holdings in Chubb were worth $5,668,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of CB. Parallel Advisors LLC increased its position in Chubb by 8.8% during the second quarter. Parallel Advisors LLC now owns 5,630 shares of the financial services provider’s stock worth $1,436,000 after buying an additional 454 shares during the last quarter. Wealthspire Advisors LLC grew its position in Chubb by 2.7% during the second quarter. Wealthspire Advisors LLC now owns 3,678 shares of the financial services provider’s stock worth $938,000 after buying an additional 97 shares in the last quarter. Prosperity Consulting Group LLC lifted its stake in Chubb by 7.2% during the second quarter. Prosperity Consulting Group LLC now owns 995 shares of the financial services provider’s stock worth $254,000 after purchasing an additional 67 shares during the last quarter. Marble Harbor Investment Counsel LLC lifted its stake in shares of Chubb by 0.4% in the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 13,431 shares of the financial services provider’s stock valued at $3,426,000 after acquiring an additional 50 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of Chubb by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider’s stock valued at $586,207,000 after acquiring an additional 160,335 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the subject of a number of recent research reports. Bank of America lifted their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Evercore ISI lifted their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JMP Securities lifted their price target on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Finally, Wells Fargo & Company boosted their price objective on shares of Chubb from $266.00 to $268.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $288.39.

Chubb Stock Up 1.6 %

Shares of CB stock opened at $261.74 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 1 year low of $226.06 and a 1 year high of $302.05. The stock has a market cap of $105.51 billion, a PE ratio of 10.72, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The business’s fifty day moving average is $278.69 and its 200-day moving average is $278.09.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.95 EPS. Equities analysts expect that Chubb Limited will post 21.82 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.39%. Chubb’s payout ratio is presently 14.91%.

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.