SVB Wealth LLC Takes Position in Chubb Limited (NYSE:CB)

SVB Wealth LLC acquired a new stake in Chubb Limited (NYSE:CB - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 8,956 shares of the financial services provider's stock, valued at approximately $2,475,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CB. Continuum Advisory LLC lifted its holdings in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock valued at $28,000 after buying an additional 35 shares during the period. Gordian Capital Singapore Pte Ltd bought a new position in Chubb in the third quarter valued at about $29,000. Raelipskie Partnership bought a new position in Chubb in the third quarter valued at about $29,000. Sierra Ocean LLC bought a new position in Chubb in the fourth quarter valued at about $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb in the third quarter valued at about $30,000. 83.81% of the stock is owned by institutional investors.

Chubb Trading Up 1.3 %

CB stock traded up $3.65 during mid-day trading on Friday, reaching $285.34. 2,528,712 shares of the stock traded hands, compared to its average volume of 1,706,331. The stock has a market capitalization of $115.02 billion, a PE ratio of 12.56, a PEG 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 has a 50-day moving average price of $271.02 and a two-hundred day moving average price of $279.81. 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 posted its quarterly earnings results 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%. Equities research analysts expect that Chubb Limited will post 21.52 EPS for the current year.

Chubb Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 1.28%. Chubb's dividend payout ratio is currently 16.02%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CB. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an "outperform" rating in a research note on Friday, January 31st. Wells Fargo & Company decreased their price target 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. JPMorgan Chase & Co. raised their target price on Chubb from $296.00 to $300.00 and gave the stock a "neutral" rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Finally, Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an "overweight" rating on the stock in a report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, Chubb presently has an average rating of "Hold" and a consensus price target of $295.73.

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.