New York Life Investment Management LLC Grows Stock Holdings in Chubb Limited (NYSE:CB)

New York Life Investment Management LLC lifted its position in shares of Chubb Limited (NYSE:CB) by 0.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 50,281 shares of the financial services provider’s stock after purchasing an additional 291 shares during the period. New York Life Investment Management LLC’s holdings in Chubb were worth $13,893,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Ironwood Investment Counsel LLC increased its position in Chubb by 2.1% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after purchasing an additional 35 shares during the period. Continuum Advisory LLC boosted its stake in shares of Chubb by 56.5% during 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 in the last quarter. First Financial Bank Trust Division boosted its stake 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 valued at $283,000 after purchasing an additional 37 shares in the last quarter. Rede Wealth LLC increased its position in shares of Chubb by 2.0% during the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock valued at $525,000 after buying an additional 37 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its stake in Chubb by 1.1% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock worth $1,069,000 after buying an additional 40 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Chubb Stock Up 3.0 %

Shares of Chubb stock opened at $281.99 on Friday. The stock has a market capitalization of $113.67 billion, a PE ratio of 12.41, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. 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 company has a 50-day simple moving average of $270.77 and a two-hundred day simple moving average of $279.61. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.29%. Chubb’s payout ratio is 16.02%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on CB shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Keefe, Bruyette & Woods lifted their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Wells Fargo & Company reduced their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Finally, Barclays dropped their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $295.73.

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.