Taika Capital LP bought a new position in Chubb Limited (NYSE:CB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 1,340 shares of the financial services provider's stock, valued at approximately $370,000.
Several other institutional investors have also recently made changes to their positions in CB. Continuum Advisory LLC grew its stake in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider's stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in Chubb in the 3rd quarter valued at $29,000. Raelipskie Partnership bought a new position in Chubb in the 3rd quarter valued at $29,000. Sierra Ocean LLC bought a new position in Chubb in the 4th quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb in the 3rd quarter valued at $30,000. Institutional investors own 83.81% of the company's stock.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on CB. Keefe, Bruyette & Woods upped their price objective on Chubb from $328.00 to $329.00 and gave the company an "outperform" rating in a research note on Friday, January 31st. Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an "overweight" rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price objective 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 reissued an "outperform" rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Finally, Wells Fargo & Company dropped their price target on 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, seven have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Chubb has a consensus rating of "Hold" and an average target price of $299.27.
Get Our Latest Analysis on Chubb
Chubb Stock Up 0.1 %
Shares of NYSE:CB opened at $286.52 on Monday. The firm has a fifty day moving average price of $272.01 and a two-hundred day moving average price of $280.36. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The company has a market cap of $114.73 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 3.36 and a beta of 0.66.
Chubb (NYSE:CB - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating 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%. Analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.
Chubb Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be given 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 1.27%. Chubb's payout ratio is 16.02%.
Insider Activity
In other news, EVP Joseph F. Wayland sold 10,000 shares of the company's stock in a transaction dated Tuesday, March 4th. The shares were sold at an average price of $286.96, for a total transaction of $2,869,600.00. Following the completion of the transaction, the executive vice president now directly owns 77,703 shares of the company's stock, valued at approximately $22,297,652.88. This represents a 11.40 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.86% of the stock is currently owned by corporate insiders.
Chubb Profile
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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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