Wilmington Savings Fund Society FSB Purchases Shares of 16,660 Chubb Limited (NYSE:CB)

Wilmington Savings Fund Society FSB purchased a new position in Chubb Limited (NYSE:CB - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 16,660 shares of the financial services provider's stock, valued at approximately $4,805,000.

Several other institutional investors also recently modified their holdings of the business. Sfmg LLC increased its stake in shares of Chubb by 2.4% in the 3rd quarter. Sfmg LLC now owns 1,681 shares of the financial services provider's stock worth $485,000 after acquiring an additional 40 shares in the last quarter. World Investment Advisors LLC grew its position in Chubb by 895.5% during the 3rd quarter. World Investment Advisors LLC now owns 32,183 shares of the financial services provider's stock valued at $9,281,000 after purchasing an additional 28,950 shares during the last quarter. Sanctuary Advisors LLC grew its position in Chubb by 9.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 82,021 shares of the financial services provider's stock valued at $23,393,000 after purchasing an additional 6,802 shares during the last quarter. Boyar Asset Management Inc. grew its position in Chubb by 3.8% during the 3rd quarter. Boyar Asset Management Inc. now owns 2,789 shares of the financial services provider's stock valued at $804,000 after purchasing an additional 102 shares during the last quarter. Finally, Invst LLC grew its position in Chubb by 6.0% during the 3rd quarter. Invst LLC now owns 915 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 52 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

Shares of NYSE CB traded up $1.20 during trading on Friday, hitting $275.67. The company had a trading volume of 532,223 shares, compared to its average volume of 1,595,056. The stock has a 50 day simple moving average of $285.74 and a 200 day simple moving average of $276.64. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a 12 month low of $216.90 and a 12 month high of $302.05. The firm has a market capitalization of $111.12 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67.

Chubb (NYSE:CB - Get Free Report) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm had revenue of $13.83 billion during the quarter, compared to analysts' expectations of $14.16 billion. During the same quarter last year, the business posted $4.95 earnings per share. The firm's revenue was up 5.5% on a year-over-year basis. As a group, analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

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

Analysts Set New Price Targets

Several analysts recently commented on CB shares. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $291.00 to $294.00 and gave the company a "neutral" rating in a research report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $305.00 to $320.00 and gave the company an "outperform" rating in a research report on Friday, November 1st. Bank of America increased their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an "underperform" rating in a research report on Thursday, October 10th. Jefferies Financial Group increased their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. Finally, JMP Securities lifted their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a "market outperform" rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Chubb currently has an average rating of "Hold" and a consensus target price 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.