Littlejohn Financial Services Inc. Takes $1.22 Million Position in Chubb Limited (NYSE:CB)

Littlejohn Financial Services Inc. bought a new position in shares of Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,421 shares of the financial services provider’s stock, valued at approximately $1,222,000.

A number of other large investors have also recently made changes to their positions in the company. Vontobel Holding Ltd. increased its holdings in Chubb by 224.6% in the fourth quarter. Vontobel Holding Ltd. now owns 66,085 shares of the financial services provider’s stock valued at $18,259,000 after buying an additional 45,725 shares during the last quarter. Catalyst Financial Partners LLC lifted its holdings in Chubb by 3.2% during the 4th quarter. Catalyst Financial Partners LLC now owns 1,878 shares of the financial services provider’s stock worth $519,000 after buying an additional 58 shares during the last quarter. Mcrae Capital Management Inc. boosted its position in shares of Chubb by 2.1% during the 4th quarter. Mcrae Capital Management Inc. now owns 42,211 shares of the financial services provider’s stock worth $11,663,000 after acquiring an additional 877 shares in the last quarter. Investment Partners Asset Management Inc. increased its holdings in shares of Chubb by 25.9% in the 4th quarter. Investment Partners Asset Management Inc. now owns 1,021 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 210 shares during the last quarter. Finally, Avestar Capital LLC raised its position in shares of Chubb by 7.5% during the 4th quarter. Avestar Capital LLC now owns 3,023 shares of the financial services provider’s stock worth $838,000 after acquiring an additional 211 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on CB shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Evercore ISI boosted their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Barclays dropped their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. 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 stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $295.73.

Chubb Trading Up 1.1 %

Shares of CB stock opened at $267.89 on Friday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The business’s 50 day moving average is $272.29 and its two-hundred day moving average is $279.72. The company has a market capitalization of $107.98 billion, a P/E ratio of 11.79, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67.

Chubb (NYSE:CB) last posted 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 net margin of 16.63% and a return on equity of 13.75%. Equities analysts forecast that Chubb Limited will post 21.66 EPS for the current year.

Chubb Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.36%. Chubb’s dividend payout ratio is currently 16.02%.

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.