Chubb Limited (NYSE:CB) Shares Bought by Mainstay Capital Management LLC ADV

Mainstay Capital Management LLC ADV raised its holdings in Chubb Limited (NYSE:CB - Free Report) by 33.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,095 shares of the financial services provider's stock after buying an additional 1,267 shares during the quarter. Mainstay Capital Management LLC ADV's holdings in Chubb were worth $1,408,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Private Advisor Group LLC raised its stake in shares of Chubb by 28.7% in the third quarter. Private Advisor Group LLC now owns 16,547 shares of the financial services provider's stock worth $4,772,000 after purchasing an additional 3,694 shares during the last quarter. Country Club Bank raised its stake in shares of Chubb by 28.4% in the third quarter. Country Club Bank now owns 1,470 shares of the financial services provider's stock worth $426,000 after purchasing an additional 325 shares during the last quarter. Allworth Financial LP raised 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 acquiring an additional 823 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Chubb by 3.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 38,531 shares of the financial services provider's stock valued at $11,157,000 after acquiring an additional 1,112 shares in the last quarter. Finally, Arkadios Wealth Advisors raised its position in Chubb by 58.1% during the third quarter. Arkadios Wealth Advisors now owns 2,658 shares of the financial services provider's stock valued at $766,000 after acquiring an additional 977 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on CB. Morgan Stanley lifted their price target on Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. JMP Securities reiterated a "market outperform" rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price target on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. 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 equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $295.73.

Chubb Price Performance

Shares of NYSE:CB traded up $8.33 during trading on Thursday, reaching $281.99. The stock had a trading volume of 1,630,843 shares, compared to its average volume of 1,684,680. 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 business has a fifty day moving average price of $270.60 and a 200-day moving average price of $279.59. The stock has a market cap of $113.67 billion, a PE ratio of 12.41, a PEG ratio of 3.36 and a beta of 0.67. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.29%. Chubb's dividend payout ratio (DPR) is currently 16.02%.

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.