Bleakley Financial Group LLC Grows Position in Chubb Limited (NYSE:CB)

Bleakley Financial Group LLC raised its position in Chubb Limited (NYSE:CB) by 2.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,069 shares of the financial services provider’s stock after acquiring an additional 250 shares during the quarter. Bleakley Financial Group LLC’s holdings in Chubb were worth $2,506,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Continuum Advisory LLC lifted its holdings in 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. Kozak & Associates Inc. bought a new stake in Chubb during the 3rd quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb during the 3rd quarter valued at approximately $29,000. Raelipskie Partnership bought a new stake in Chubb during the 3rd quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the 3rd quarter valued at approximately $30,000. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on CB shares. Keefe, Bruyette & Woods raised their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Wells Fargo & Company dropped their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Bank of America lifted their target price on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. boosted their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Stock Down 0.0 %

Chubb stock opened at $272.79 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The business’s 50-day simple moving average is $274.24 and its two-hundred day simple moving average is $279.54. The company has a market cap of $109.96 billion, a PE ratio of 12.01, a PEG ratio of 3.35 and a beta of 0.67. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities analysts anticipate that Chubb Limited will post 21.91 EPS for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. Chubb’s payout ratio is 16.02%.

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.