MML Investors Services LLC Raises Stock Holdings in Chubb Limited (NYSE:CB)

MML Investors Services LLC raised its stake in Chubb Limited (NYSE:CB - Free Report) by 37.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,716 shares of the financial services provider's stock after acquiring an additional 12,997 shares during the quarter. MML Investors Services LLC's holdings in Chubb were worth $13,761,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. FMR LLC grew its holdings in shares of Chubb by 7.3% during the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock worth $4,492,103,000 after purchasing an additional 1,052,999 shares during the last quarter. International Assets Investment Management LLC grew its holdings in Chubb by 28,885.3% during the 3rd quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider's stock worth $2,696,640,000 after acquiring an additional 931,841 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Chubb by 4,559.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider's stock worth $243,641,000 after acquiring an additional 826,700 shares during the last quarter. Troy Asset Management Ltd acquired a new position in Chubb in the 2nd quarter valued at approximately $106,975,000. Finally, Caisse DE Depot ET Placement DU Quebec raised its stake in shares of Chubb by 49.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider's stock valued at $338,070,000 after acquiring an additional 389,343 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 0.6 %

Chubb stock traded up $1.73 during mid-day trading on Wednesday, reaching $276.33. The stock had a trading volume of 1,374,949 shares, compared to its average volume of 1,601,148. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05. The stock's 50-day simple moving average is $286.31 and its 200-day simple moving average is $276.65. The firm has a market capitalization of $111.39 billion, a PE ratio of 11.31, a price-to-earnings-growth ratio of 6.59 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion during the quarter, compared to analysts' expectations of $14.16 billion. During the same period last year, the company earned $4.95 earnings per share. The business's revenue was up 5.5% on a year-over-year basis. On average, sell-side analysts forecast that Chubb Limited will post 21.82 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Investors 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 annualized dividend and a yield of 1.32%. Chubb's dividend payout ratio (DPR) is currently 14.91%.

Wall Street Analysts Forecast Growth

CB has been the topic of several analyst reports. Morgan Stanley boosted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 30th. Barclays began coverage on Chubb in a research note on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 price target for the company. Piper Sandler lifted their price objective on Chubb from $281.00 to $305.00 and gave the stock an "overweight" rating in a research note on Friday, October 4th. Jefferies Financial Group increased their target price on shares of Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, Bank of America boosted their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a research report on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Chubb has an average rating of "Hold" and a consensus price target of $287.37.

Chubb 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.