Naviter Wealth LLC acquired a new stake in Chubb Limited (NYSE:CB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 994 shares of the financial services provider's stock, valued at approximately $276,000.
A number of other institutional investors also recently modified their holdings of CB. Continuum Advisory LLC lifted its stake in shares of Chubb by 56.5% during 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. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb during the 3rd quarter worth about $29,000. Raelipskie Partnership acquired a new position in Chubb during the 3rd quarter valued at about $29,000. Sierra Ocean LLC bought a new position in shares of Chubb in the 4th quarter valued at about $29,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Chubb during the 3rd quarter worth approximately $30,000. 83.81% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Hsbc Global Res upgraded shares of Chubb from a "hold" rating to a "strong-buy" rating in a report on Wednesday, March 5th. JMP Securities reissued a "market outperform" rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. HSBC raised Chubb from a "hold" rating to a "buy" rating and set a $323.00 target price on the stock in a research note on Wednesday, March 5th. Finally, Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $299.27.
View Our Latest Analysis on CB
Chubb Stock Up 0.1 %
Shares of CB stock opened at $286.52 on Monday. The company has a market capitalization of $114.73 billion, a price-to-earnings ratio of 12.61, a P/E/G ratio of 3.36 and a beta of 0.66. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The firm has a fifty day moving average of $272.01 and a 200-day moving average of $280.36. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.
Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating 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%. As a group, equities research analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.
Chubb Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.27%. The ex-dividend date is Friday, March 14th. Chubb's payout ratio is 16.02%.
Insider Buying and Selling at Chubb
In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of Chubb stock in a transaction on Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares in the company, valued at approximately $22,297,652.88. The trade was a 11.40 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.86% of the company's stock.
Chubb Profile
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Free Report)
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.
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