Advisor OS LLC raised its holdings in shares of Chubb Limited (NYSE:CB - Free Report) by 187.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,103 shares of the financial services provider's stock after purchasing an additional 1,371 shares during the period. Advisor OS LLC's holdings in Chubb were worth $581,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Continuum Advisory LLC increased its holdings in shares of Chubb by 56.5% in the third 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 during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb in the third quarter valued at $29,000. Raelipskie Partnership acquired a new position in shares of Chubb in the 3rd quarter valued at $29,000. Sierra Ocean LLC purchased a new position in Chubb during the 4th quarter worth approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb in the third quarter valued at $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.
Chubb Trading Up 1.3 %
Shares of CB traded up $3.65 during mid-day trading on Friday, reaching $285.34. 2,528,712 shares of the company were exchanged, compared to its average volume of 1,706,331. 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 stock has a market capitalization of $115.02 billion, a PE ratio of 12.56, a PEG ratio of 3.36 and a beta of 0.67. The business has a 50 day simple moving average of $271.02 and a two-hundred day simple moving average of $279.81. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05.
Chubb (NYSE:CB - Get Free Report) last announced its 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%. On average, analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.
Chubb Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors 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 1.28%. The ex-dividend date of this dividend is Friday, March 14th. Chubb's dividend payout ratio is currently 16.02%.
Analysts Set New Price Targets
Several research analysts have issued reports on CB shares. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. JMP Securities reaffirmed a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Barclays decreased their price target on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. increased their price target on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research report on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $295.73.
Check Out Our Latest Stock Analysis on CB
About Chubb
(
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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