BankPlus Trust Department purchased a new stake in shares of Chubb Limited (NYSE:CB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,152 shares of the financial services provider's stock, valued at approximately $318,000.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position in Chubb by 9.0% during the third quarter. Allworth Financial LP now owns 9,923 shares of the financial services provider's stock valued at $2,862,000 after buying an additional 823 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Chubb by 3.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,531 shares of the financial services provider's stock worth $11,157,000 after buying an additional 1,112 shares during the period. Arkadios Wealth Advisors grew its stake in shares of Chubb by 58.1% in the third quarter. Arkadios Wealth Advisors now owns 2,658 shares of the financial services provider's stock valued at $766,000 after buying an additional 977 shares in the last quarter. PFG Investments LLC lifted its position in Chubb by 3.9% during the 3rd quarter. PFG Investments LLC now owns 2,369 shares of the financial services provider's stock worth $683,000 after acquiring an additional 90 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in shares of Chubb by 13.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 354,484 shares of the financial services provider's stock valued at $102,230,000 after purchasing an additional 41,713 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CB has been the subject of several analyst reports. Royal Bank of Canada restated an "outperform" rating and issued a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. JMP Securities reaffirmed a "market outperform" rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Barclays reduced their price target on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Finally, 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. Two 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, the stock presently has a consensus rating of "Hold" and a consensus price target of $295.73.
Check Out Our Latest Research Report on CB
Chubb Stock Performance
Shares of CB traded up $3.65 during midday trading on Friday, hitting $285.34. 2,528,712 shares of the stock traded hands, 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. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The business's 50 day moving average price is $270.77 and its two-hundred day moving average price is $279.61. The firm has a market capitalization of $115.02 billion, a PE 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 announced 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%. Equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.
Chubb Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors 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 dividend on an annualized basis and a yield of 1.28%. Chubb's dividend payout ratio is presently 16.02%.
Chubb Profile
(
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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