Chubb Limited (NYSE:CB) is Todd Asset Management LLC’s 6th Largest Position

Todd Asset Management LLC increased its holdings in Chubb Limited (NYSE:CB) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 250,237 shares of the financial services provider’s stock after acquiring an additional 3,934 shares during the period. Chubb comprises about 1.7% of Todd Asset Management LLC’s holdings, making the stock its 6th largest holding. Todd Asset Management LLC owned approximately 0.06% of Chubb worth $69,140,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CB. FMR LLC lifted its stake in Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after acquiring an additional 1,052,999 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec increased its position in Chubb by 49.7% in 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 purchasing an additional 389,343 shares during the last quarter. Barclays PLC increased its position in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the last quarter. World Investment Advisors LLC increased its position in Chubb by 8,398.0% in the 3rd quarter. World Investment Advisors LLC now owns 274,740 shares of the financial services provider’s stock worth $79,232,000 after purchasing an additional 271,507 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its position in Chubb by 259.6% in the 4th quarter. Nisa Investment Advisors LLC now owns 321,094 shares of the financial services provider’s stock worth $89,005,000 after purchasing an additional 231,791 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on CB. Wells Fargo & Company dropped their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Morgan Stanley upped their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price objective on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Finally, Evercore ISI increased their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Chubb has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Price Performance

Chubb stock opened at $273.45 on Tuesday. The business has a 50 day simple moving average of $270.54 and a 200 day simple moving average of $279.58. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The company has a market capitalization of $110.23 billion, a PE ratio of 12.04, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, sell-side analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb 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.