Czech National Bank Grows Position in Chubb Limited (NYSE:CB)

Czech National Bank raised its holdings in Chubb Limited (NYSE:CB) by 6.2% in the 4th quarter, Holdings Channel.com reports. The firm owned 81,282 shares of the financial services provider’s stock after acquiring an additional 4,757 shares during the period. Czech National Bank’s holdings in Chubb were worth $22,458,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of CB. Ironwood Investment Counsel LLC grew its holdings in Chubb by 2.1% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after buying an additional 35 shares in the last quarter. Continuum Advisory LLC boosted its position in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the period. First Financial Bank Trust Division grew its stake in Chubb by 3.7% during the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock valued at $283,000 after acquiring an additional 37 shares in the last quarter. LVW Advisors LLC increased its holdings in Chubb by 0.3% during the 3rd quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after acquiring an additional 40 shares during the period. Finally, Wealth Effects LLC lifted its stake in Chubb by 3.0% in the 3rd quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock worth $395,000 after purchasing an additional 40 shares in the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 3.3 %

Shares of NYSE:CB opened at $257.87 on Monday. The stock has a market capitalization of $103.95 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. The stock’s 50-day moving average price is $278.98 and its 200-day moving average price is $278.09. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $224.74 and a 12-month high of $302.05.

Chubb (NYSE:CB) last posted its quarterly 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 return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period last year, the company earned $4.95 EPS. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.41%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Wall Street Analyst Weigh In

CB has been the subject of a number of recent analyst reports. Piper Sandler boosted their price target on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. JMP Securities upped their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Morgan Stanley lifted their price target on 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 upped their price objective on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Finally, Jefferies Financial Group raised their target price on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $288.39.

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.