RMR Wealth Builders Acquires 110 Shares of Chubb Limited (NYSE:CB)

RMR Wealth Builders raised its stake in Chubb Limited (NYSE:CB) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,483 shares of the financial services provider’s stock after purchasing an additional 110 shares during the period. RMR Wealth Builders’ holdings in Chubb were worth $1,239,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Ironwood Investment Counsel LLC raised its position in shares of Chubb by 2.1% in the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after acquiring an additional 35 shares during the period. Continuum Advisory LLC grew 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 purchasing an additional 35 shares during the last quarter. First Financial Bank Trust Division grew its position in shares of Chubb by 3.7% during the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 37 shares in the last quarter. LVW Advisors LLC increased its position in shares of Chubb by 0.3% in the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider’s stock worth $3,390,000 after purchasing an additional 40 shares during the period. Finally, Wealth Effects LLC raised its position in Chubb by 3.0% during the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider’s stock valued at $395,000 after purchasing an additional 40 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE:CB 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 firm has a market cap of $108.17 billion, a price-to-earnings ratio of 10.99, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. 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’s fifty day moving average price is $278.46 and its 200 day moving average price is $278.16.

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

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CB shares. Evercore ISI lifted their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods upped their target price on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. JMP Securities upped their price target on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Piper Sandler upped their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Finally, Jefferies Financial Group increased their price objective on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research report on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.