Howard Capital Management Inc. Makes New Investment in Chubb Limited (NYSE:CB)

Howard Capital Management Inc. purchased a new position in shares of Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,625 shares of the financial services provider's stock, valued at approximately $725,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CB. First Horizon Advisors Inc. boosted its position in Chubb by 0.3% in the 4th quarter. First Horizon Advisors Inc. now owns 41,905 shares of the financial services provider's stock valued at $11,579,000 after buying an additional 116 shares during the last quarter. Pinnacle Financial Partners Inc lifted its stake in shares of Chubb by 122.0% in the fourth quarter. Pinnacle Financial Partners Inc now owns 18,610 shares of the financial services provider's stock worth $5,171,000 after acquiring an additional 10,228 shares in the last quarter. Callan Capital LLC boosted its holdings in Chubb by 14.6% in the fourth quarter. Callan Capital LLC now owns 1,541 shares of the financial services provider's stock valued at $426,000 after purchasing an additional 196 shares during the last quarter. Ipswich Investment Management Co. Inc. grew its stake in Chubb by 11.9% during the 4th quarter. Ipswich Investment Management Co. Inc. now owns 18,571 shares of the financial services provider's stock valued at $5,131,000 after purchasing an additional 1,969 shares in the last quarter. Finally, Bell Bank increased its holdings in Chubb by 9.9% during the 4th quarter. Bell Bank now owns 2,235 shares of the financial services provider's stock worth $618,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 83.81% of the company's stock.

Chubb Stock Performance

CB traded up $3.65 during trading on Friday, reaching $285.34. 2,528,711 shares of the company were exchanged, compared to its average volume of 1,705,972. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a 50 day moving average of $270.77 and a 200 day moving average of $279.61. The stock has a market cap of $115.02 billion, a P/E ratio of 12.56, a PEG ratio of 3.36 and a beta of 0.67.

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

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb's payout ratio is currently 16.02%.

Analysts Set New Price Targets

CB has been the subject of several research analyst reports. JPMorgan Chase & Co. increased their target price on Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Royal Bank of Canada reiterated an "outperform" rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. JMP Securities reissued a "market outperform" rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Keefe, Bruyette & Woods upped their target price on shares of Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Finally, Wells Fargo & Company decreased their price target on Chubb from $268.00 to $264.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Chubb has a consensus rating of "Hold" and an average price target of $295.73.

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.