Albion Financial Group UT Raises Stock Position in Chubb Limited (NYSE:CB)

Albion Financial Group UT lifted its holdings in shares of Chubb Limited (NYSE:CB) by 411.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 179 shares of the financial services provider’s stock after purchasing an additional 144 shares during the quarter. Albion Financial Group UT’s holdings in Chubb were worth $50,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. FMR LLC lifted 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 worth $4,492,103,000 after acquiring an additional 1,052,999 shares during the last quarter. Ameriprise Financial Inc. lifted its position in shares of Chubb by 1.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock worth $1,258,202,000 after purchasing an additional 63,891 shares during the last quarter. Legal & General Group Plc lifted its position in shares of Chubb by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock worth $938,663,000 after purchasing an additional 104,986 shares during the last quarter. Barclays PLC grew its stake in shares of Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in Chubb by 49.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock valued at $338,070,000 after buying an additional 389,343 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.2 %

Shares of Chubb stock opened at $268.21 on Thursday. The company has a market cap of $108.11 billion, a P/E ratio of 10.98, a PEG ratio of 7.29 and a beta of 0.67. The firm has a fifty day moving average of $277.39 and a two-hundred day moving average of $278.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a one year low of $238.85 and a one year high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $14.16 billion. During the same quarter last year, the firm earned $4.95 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, analysts forecast that Chubb Limited will post 22 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued 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 was Friday, December 13th. Chubb’s dividend payout ratio is presently 14.91%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on CB shares. Jefferies Financial Group upped their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Barclays dropped their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus target price 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.