Chubb Limited (NYSE:CB) Shares Bought by Barclays PLC

Barclays PLC lifted its holdings in Chubb Limited (NYSE:CB - Free Report) by 28.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,772,688 shares of the financial services provider's stock after acquiring an additional 388,746 shares during the quarter. Barclays PLC owned 0.44% of Chubb worth $511,226,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in CB. Beacon Capital Management LLC boosted its position in Chubb by 76.4% in the 2nd quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock worth $25,000 after purchasing an additional 42 shares in the last quarter. Continuum Advisory LLC boosted its holdings in Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after buying an additional 35 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in Chubb during the third quarter valued at $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb in the third quarter valued at $29,000. Finally, Chilton Capital Management LLC acquired a new position in shares of Chubb in the second quarter worth about $26,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Trading Down 2.1 %

NYSE:CB traded down $6.00 during trading hours on Monday, reaching $277.32. 2,159,888 shares of the stock were exchanged, compared to its average volume of 1,599,869. Chubb Limited has a twelve month low of $216.90 and a twelve month high of $302.05. The business has a 50-day moving average of $286.88 and a two-hundred day moving average of $276.48. The company has a market capitalization of $111.79 billion, a price-to-earnings ratio of 11.60, a PEG ratio of 6.59 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB - Get Free Report) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb's revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $4.95 EPS. On average, equities analysts predict that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.31%. Chubb's dividend payout ratio (DPR) is presently 14.91%.

Analysts Set New Price Targets

CB has been the topic of a number of research analyst reports. Piper Sandler lifted their price target on shares of Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a research note on Friday, October 4th. Wells Fargo & Company raised their price target on shares of Chubb from $266.00 to $268.00 and gave the company an "equal weight" rating in a research note on Tuesday, November 5th. Jefferies Financial Group boosted their price objective on Chubb from $294.00 to $295.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. Keefe, Bruyette & Woods boosted their price target on Chubb from $305.00 to $320.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Finally, Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $287.37.

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.