LRI Investments LLC Has $787,000 Position in Chubb Limited (NYSE:CB)

LRI Investments LLC boosted its position in Chubb Limited (NYSE:CB) by 102.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,742 shares of the financial services provider’s stock after buying an additional 1,385 shares during the period. LRI Investments LLC’s holdings in Chubb were worth $787,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb in the third quarter valued at approximately $29,000. Geller Advisors LLC raised its position in Chubb by 2.8% during the 3rd quarter. Geller Advisors LLC now owns 1,921 shares of the financial services provider’s stock valued at $556,000 after purchasing an additional 53 shares during the last quarter. Public Employees Retirement System of Ohio purchased a new position in shares of Chubb during the 3rd quarter worth approximately $53,448,000. Roffman Miller Associates Inc. PA boosted its position in shares of Chubb by 0.9% in the 3rd quarter. Roffman Miller Associates Inc. PA now owns 129,580 shares of the financial services provider’s stock worth $37,369,000 after purchasing an additional 1,181 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in shares of Chubb by 1.7% during the third quarter. Nomura Asset Management Co. Ltd. now owns 259,194 shares of the financial services provider’s stock valued at $74,749,000 after buying an additional 4,228 shares during the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

Shares of CB opened at $283.32 on Monday. Chubb Limited has a one year low of $216.90 and a one year high of $302.05. The stock has a market cap of $114.21 billion, a P/E ratio of 11.60, a P/E/G ratio of 6.59 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a 50-day moving average of $286.88 and a two-hundred day moving average of $276.48.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same quarter last year, the company posted $4.95 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. As a group, research analysts predict that Chubb Limited will post 21.82 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be given a $0.91 dividend. The ex-dividend date is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.28%. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Wells Fargo & Company increased their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 5th. Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 30th. Piper Sandler increased their target price on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, JMP Securities boosted their price objective on 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, eleven have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $287.37.

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.