Impax Asset Management Group plc raised its stake in Chubb Limited (NYSE:CB - Free Report) by 18.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 108,327 shares of the financial services provider's stock after purchasing an additional 17,006 shares during the quarter. Impax Asset Management Group plc's holdings in Chubb were worth $29,931,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in CB. FMR LLC raised its holdings in Chubb by 7.3% in the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider's stock valued at $4,492,103,000 after buying an additional 1,052,999 shares during the period. Caisse DE Depot ET Placement DU Quebec increased its position in shares of Chubb by 49.7% in the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider's stock worth $338,070,000 after acquiring an additional 389,343 shares in the last quarter. Barclays PLC raised its stake in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider's stock valued at $511,226,000 after acquiring an additional 388,746 shares during the period. World Investment Advisors LLC lifted its holdings in shares of Chubb by 8,398.0% during the 3rd quarter. World Investment Advisors LLC now owns 274,740 shares of the financial services provider's stock valued at $79,232,000 after acquiring an additional 271,507 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Chubb by 259.6% during the 4th quarter. Nisa Investment Advisors LLC now owns 321,094 shares of the financial services provider's stock worth $89,005,000 after purchasing an additional 231,791 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.
Chubb Stock Up 3.0 %
Shares of CB stock traded up $8.33 during trading hours on Thursday, hitting $281.99. 1,630,843 shares of the company were exchanged, compared to its average volume of 1,684,680. The stock has a market capitalization of $113.67 billion, a price-to-earnings ratio of 12.41, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The business's 50-day simple moving average is $270.60 and its two-hundred day simple moving average is $279.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.
Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.
Chubb Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.29%. Chubb's dividend payout ratio is presently 16.02%.
Wall Street Analysts Forecast Growth
Several research firms have commented on CB. Keefe, Bruyette & Woods raised their price objective on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research report on Friday, January 31st. Evercore ISI raised their target price on Chubb from $289.00 to $293.00 and gave the company an "outperform" rating in a report on Wednesday, October 30th. Royal Bank of Canada restated an "outperform" rating and issued a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a "neutral" rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company reduced their target price on shares of Chubb from $268.00 to $264.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $295.73.
Check Out Our Latest Analysis on CB
About Chubb
(
Free Report)
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.
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