Franklin Resources Inc. Boosts Stock Position in Chubb Limited (NYSE:CB)

Franklin Resources Inc. grew its stake in shares of Chubb Limited (NYSE:CB - Free Report) by 14.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 321,985 shares of the financial services provider's stock after purchasing an additional 39,428 shares during the quarter. Franklin Resources Inc. owned approximately 0.08% of Chubb worth $92,960,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Beacon Capital Management LLC lifted its stake in Chubb by 76.4% in the second quarter. Beacon Capital Management LLC now owns 97 shares of the financial services provider's stock valued at $25,000 after buying an additional 42 shares during the last quarter. Chilton Capital Management LLC purchased a new position in Chubb during the second quarter worth about $26,000. Strategic Financial Concepts LLC acquired a new stake in Chubb in the second quarter valued at about $28,000. Continuum Advisory LLC boosted its holdings in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after purchasing an additional 35 shares in the last quarter. Finally, Kozak & Associates Inc. acquired a new position in Chubb during the 3rd quarter worth approximately $29,000. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Trading Down 0.1 %

Shares of CB traded down $0.24 during trading hours on Monday, hitting $275.85. The stock had a trading volume of 1,981,923 shares, compared to its average volume of 1,600,234. Chubb Limited has a 12-month low of $216.90 and a 12-month high of $302.05. The firm has a market cap of $111.19 billion, a P/E ratio of 11.33, a P/E/G ratio of 6.43 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The company's fifty day simple moving average is $285.45 and its 200 day simple moving average is $276.92.

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 analysts' consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company'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. Equities research analysts forecast that Chubb Limited will post 21.82 EPS for the current fiscal year.

Chubb Announces Dividend

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 $0.91 dividend. 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 is currently 14.91%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on CB shares. Wells Fargo & Company upped their price objective on Chubb from $266.00 to $268.00 and gave the stock an "equal weight" rating in a report on Tuesday, November 5th. Morgan Stanley raised their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 30th. Barclays started coverage on shares of Chubb in a report on Wednesday, September 4th. They issued an "overweight" rating and a $349.00 target price for the company. JMP Securities raised their target price on shares of Chubb from $300.00 to $325.00 and gave the company a "market outperform" rating in a report on Wednesday, October 30th. Finally, Piper Sandler upped their price target on shares of Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Chubb 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.