Chubb Limited (NYSE:CB) Shares Purchased by Missouri Trust & Investment Co

Missouri Trust & Investment Co boosted its holdings in shares of Chubb Limited (NYSE:CB) by 8.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,378 shares of the financial services provider’s stock after acquiring an additional 260 shares during the period. Missouri Trust & Investment Co’s holdings in Chubb were worth $933,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. AE Wealth Management LLC grew its holdings in Chubb by 52.8% during the 2nd quarter. AE Wealth Management LLC now owns 3,467 shares of the financial services provider’s stock valued at $884,000 after buying an additional 1,198 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Chubb by 9.9% during the second quarter. Gabelli Funds LLC now owns 10,005 shares of the financial services provider’s stock valued at $2,552,000 after acquiring an additional 900 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Chubb by 4.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,887 shares of the financial services provider’s stock worth $520,000 after purchasing an additional 82 shares in the last quarter. Bank of Montreal Can increased its position in Chubb by 7.0% during the 2nd quarter. Bank of Montreal Can now owns 647,420 shares of the financial services provider’s stock worth $170,828,000 after purchasing an additional 42,562 shares in the last quarter. Finally, Mill Creek Capital Advisors LLC lifted its holdings in Chubb by 21.7% in the 2nd quarter. Mill Creek Capital Advisors LLC now owns 1,244 shares of the financial services provider’s stock valued at $317,000 after purchasing an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Trading Down 0.2 %

NYSE:CB opened at $268.97 on Wednesday. Chubb Limited has a 12 month low of $237.67 and a 12 month high of $302.05. The business’s 50-day moving average is $277.67 and its two-hundred day moving average is $278.60. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market capitalization of $108.42 billion, a PE ratio of 11.01, a price-to-earnings-growth ratio of 7.27 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the company posted $4.95 EPS. Chubb’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts predict that Chubb Limited will post 21.95 earnings per share for the current fiscal year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 14.91%.

Wall Street Analysts Forecast Growth

CB has been the subject of several recent analyst reports. Bank of America lifted their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Wells Fargo & Company dropped their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their price target on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Evercore ISI increased their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, JMP Securities boosted their target price 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. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $288.17.

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.