Argyle Capital Management LLC increased its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 25.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,219 shares of the financial services provider's stock after buying an additional 2,054 shares during the quarter. Argyle Capital Management LLC's holdings in Chubb were worth $2,824,000 as of its most recent SEC filing.
Several other hedge funds have also recently made changes to their positions in the company. Continuum Advisory LLC raised its position in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after buying an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of Chubb in the third quarter worth $29,000. Raelipskie Partnership purchased a new position in shares of Chubb during the third quarter worth $29,000. Sierra Ocean LLC acquired a new position in Chubb during the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new stake in Chubb in the third quarter valued at $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.
Chubb Price Performance
Chubb stock traded up $4.31 during midday trading on Monday, reaching $289.79. The company had a trading volume of 383,080 shares, compared to its average volume of 1,672,144. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a market capitalization of $116.82 billion, a P/E ratio of 12.75, a P/E/G ratio of 3.36 and a beta of 0.67. The firm's fifty day simple moving average is $271.02 and its 200-day simple moving average is $279.87.
Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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 analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.
Chubb Dividend Announcement
The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 1.26%. The ex-dividend date is Friday, March 14th. Chubb's payout ratio is 16.02%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on CB shares. JPMorgan Chase & Co. boosted their price objective 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 decreased their price target on Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. JMP Securities restated a "market outperform" rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Barclays cut their target price on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $295.73.
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Chubb Company 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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