Burney Co. Acquires 625 Shares of Chubb Limited (NYSE:CB)

Burney Co. lifted its holdings in shares of Chubb Limited (NYSE:CB) by 8.1% during the 4th quarter, Holdings Channel reports. The firm owned 8,366 shares of the financial services provider’s stock after purchasing an additional 625 shares during the period. Burney Co.’s holdings in Chubb were worth $2,312,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its stake in Chubb by 7.3% in the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares in the last quarter. International Assets Investment Management LLC raised its position in shares of Chubb by 28,885.3% in the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after buying an additional 931,841 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of Chubb by 4,559.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock worth $243,641,000 after acquiring an additional 826,700 shares during the period. Troy Asset Management Ltd bought a new stake in shares of Chubb during the 2nd quarter worth approximately $106,975,000. Finally, Caisse DE Depot ET Placement DU Quebec boosted its position in shares of Chubb by 49.7% during 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 acquiring an additional 389,343 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Trading Up 1.1 %

Shares of CB stock opened at $268.34 on Thursday. Chubb Limited has a 1-year low of $226.06 and a 1-year high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $108.17 billion, a price-to-earnings ratio of 10.99, a PEG ratio of 6.43 and a beta of 0.67. The stock has a 50-day moving average of $278.46 and a 200-day moving average of $278.16.

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

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.36%. Chubb’s payout ratio is 14.91%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Bank of America boosted their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Piper Sandler raised their price objective on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their price target on shares of Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $288.17.

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.