Bryn Mawr Capital Management LLC Raises Stake in Chubb Limited (NYSE:CB)

Bryn Mawr Capital Management LLC raised its position in Chubb Limited (NYSE:CB) by 115.0% during the fourth quarter, HoldingsChannel reports. The firm owned 8,412 shares of the financial services provider’s stock after buying an additional 4,499 shares during the quarter. Bryn Mawr Capital Management LLC’s holdings in Chubb were worth $2,324,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of CB. Continuum Advisory LLC lifted its stake in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the third quarter worth approximately $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the 3rd quarter worth approximately $29,000. Sierra Ocean LLC acquired a new position in shares of Chubb in the 4th quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new position in shares of Chubb in the 3rd quarter valued at $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CB. Wells Fargo & Company reduced their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Evercore ISI upped their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Finally, Barclays decreased their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $295.73.

Chubb Stock Up 0.5 %

Shares of NYSE:CB opened at $267.69 on Friday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $270.77 and its 200-day simple moving average is $279.37. The company has a market cap of $107.90 billion, a price-to-earnings ratio of 11.78, a PEG ratio of 3.35 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating 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%. As a group, equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

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.