Chubb Limited (NYSE:CB) Position Increased by Sanctuary Advisors LLC

Sanctuary Advisors LLC grew its position in shares of Chubb Limited (NYSE:CB - Free Report) by 9.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,021 shares of the financial services provider's stock after acquiring an additional 6,802 shares during the quarter. Sanctuary Advisors LLC's holdings in Chubb were worth $23,393,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AdvisorNet Financial Inc increased its holdings in Chubb by 24.5% in the 2nd quarter. AdvisorNet Financial Inc now owns 1,033 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 203 shares in the last quarter. Triad Wealth Partners LLC acquired a new position in Chubb during the 2nd quarter worth approximately $37,000. Blue Trust Inc. lifted its position in Chubb by 35.8% during the 2nd quarter. Blue Trust Inc. now owns 2,908 shares of the financial services provider's stock worth $754,000 after acquiring an additional 766 shares in the last quarter. Brookstone Capital Management boosted its holdings in Chubb by 17.7% in the 2nd quarter. Brookstone Capital Management now owns 1,009 shares of the financial services provider's stock worth $270,000 after acquiring an additional 152 shares during the period. Finally, Saxon Interests Inc. grew its holdings in Chubb by 3.1% during the 2nd quarter. Saxon Interests Inc. now owns 4,630 shares of the financial services provider's stock valued at $1,181,000 after purchasing an additional 141 shares in the last quarter. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of CB traded up $1.87 during trading hours on Friday, reaching $276.34. 388,311 shares of the company's stock traded hands, compared to its average volume of 1,594,406. The firm has a market capitalization of $111.39 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 6.43 and a beta of 0.67. The business's fifty day simple moving average is $285.74 and its two-hundred day simple moving average is $276.64. Chubb Limited has a twelve month low of $216.90 and a twelve month high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts' consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion for 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%. Chubb's revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the firm earned $4.95 EPS. Analysts predict that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, December 13th. Chubb's payout ratio is currently 14.91%.

Analyst Upgrades and Downgrades

Several research firms recently commented on CB. Bank of America boosted their price target on Chubb from $275.00 to $282.00 and gave the stock an "underperform" rating in a research note on Thursday, October 10th. Piper Sandler boosted their price target on Chubb from $281.00 to $305.00 and gave the company an "overweight" rating in a report on Friday, October 4th. Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an "outperform" rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their target price on shares of Chubb from $305.00 to $320.00 and gave the stock an "outperform" rating in a report on Friday, November 1st. Finally, JMP Securities raised their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a "market outperform" rating in a research report on Wednesday, October 30th. 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.