Sky Investment Group LLC Purchases 95 Shares of Chubb Limited (NYSE:CB)

Sky Investment Group LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 4.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 2,356 shares of the financial services provider’s stock after buying an additional 95 shares during the quarter. Sky Investment Group LLC’s holdings in Chubb were worth $651,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in CB. Continuum Advisory LLC raised its holdings in shares of Chubb by 56.5% in the 3rd 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 period. Kozak & Associates Inc. acquired a new position in Chubb during the third quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb in the third quarter valued at approximately $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb in the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock opened at $269.38 on Tuesday. 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 company has a market cap of $108.59 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67. The company has a 50 day moving average of $277.89 and a 200-day moving average of $278.49. Chubb Limited has a 1-year low of $226.74 and a 1-year high of $302.05.

Chubb (NYSE:CB) last issued 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. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. During the same quarter last year, the business posted $4.95 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts forecast that Chubb Limited will post 21.93 earnings per share for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. JPMorgan Chase & Co. raised their price target on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a report on Friday, January 3rd. Barclays reduced their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Bank of America increased their price target on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Keefe, Bruyette & Woods boosted their price objective on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Morgan Stanley increased their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Two investment 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’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $288.17.

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.