Chubb Limited (NYSE:CB) Stake Raised by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC grew its position in shares of Chubb Limited (NYSE:CB - Free Report) by 4.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 129,290 shares of the financial services provider's stock after acquiring an additional 6,076 shares during the quarter. Steward Partners Investment Advisory LLC's holdings in Chubb were worth $35,723,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CB. Continuum Advisory LLC boosted its position in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after purchasing an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb during the third quarter worth about $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb in the third quarter worth about $29,000. Sierra Ocean LLC acquired a new stake in shares of Chubb in the fourth quarter valued at about $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb during the 3rd quarter valued at about $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on CB shares. Keefe, Bruyette & Woods upped their price target on Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a report on Friday, January 31st. JPMorgan Chase & Co. upped their target price 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. Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a report on Monday, January 6th. Royal Bank of Canada reiterated an "outperform" rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Finally, JMP Securities restated a "market outperform" rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $299.27.

Chubb Stock Performance

Shares of CB traded down $1.16 during mid-day trading on Thursday, hitting $285.85. The stock had a trading volume of 218,245 shares, compared to its average volume of 1,683,362. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company has a market cap of $115.23 billion, a PE ratio of 12.57, a PEG ratio of 3.36 and a beta of 0.67. The company's fifty day simple moving average is $271.67 and its two-hundred day simple moving average is $280.11.

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

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be paid a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a yield of 1.27%. Chubb's dividend payout ratio (DPR) is 16.02%.

Insiders Place Their Bets

In other Chubb news, EVP Joseph F. Wayland sold 10,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was sold at an average price of $286.96, for a total value of $2,869,600.00. Following the sale, the executive vice president now directly owns 77,703 shares of the company's stock, valued at $22,297,652.88. This trade represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.86% of the stock is currently owned by corporate insiders.

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.