Providence First Trust Co Acquires New Shares in Chubb Limited (NYSE:CB)

Providence First Trust Co purchased a new position in Chubb Limited (NYSE:CB - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,895 shares of the financial services provider's stock, valued at approximately $1,352,000.

Other hedge funds have also recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock worth $4,492,103,000 after purchasing an additional 1,052,999 shares during the period. Barclays PLC raised its holdings in shares of Chubb by 28.1% in the 3rd 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 during the period. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Chubb by 49.7% in the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider's stock worth $338,070,000 after purchasing an additional 389,343 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Chubb by 0.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider's stock worth $266,940,000 after purchasing an additional 7,462 shares during the period. Finally, National Pension Service raised its holdings in shares of Chubb by 14.1% in the 3rd quarter. National Pension Service now owns 813,125 shares of the financial services provider's stock worth $234,497,000 after purchasing an additional 100,470 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently commented on CB. Keefe, Bruyette & Woods raised their price objective on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Barclays cut 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. JPMorgan Chase & Co. raised 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. Wells Fargo & Company dropped their target price on Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 14th. Finally, JMP Securities reiterated a "market outperform" rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Chubb has an average rating of "Hold" and a consensus target price of $295.73.

Chubb Stock Up 1.3 %

CB stock traded up $3.65 during midday trading on Friday, hitting $285.34. 2,528,712 shares of the company's stock were exchanged, compared to its average volume of 1,706,331. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The firm has a 50 day moving average price of $271.02 and a 200-day moving average price of $279.87. The stock has a market capitalization of $115.02 billion, a price-to-earnings ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last issued its earnings results 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 year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be given a $0.91 dividend. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. 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.