Y Intercept Hong Kong Ltd Grows Holdings in Chubb Limited (NYSE:CB)

Y Intercept Hong Kong Ltd lifted its holdings in Chubb Limited (NYSE:CB - Free Report) by 104.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,627 shares of the financial services provider's stock after acquiring an additional 14,130 shares during the quarter. Chubb accounts for 0.5% of Y Intercept Hong Kong Ltd's holdings, making the stock its 17th biggest position. Y Intercept Hong Kong Ltd's holdings in Chubb were worth $7,967,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Ironwood Investment Counsel LLC increased its stake in shares of Chubb by 2.1% in the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider's stock worth $496,000 after acquiring an additional 35 shares during the period. Parkside Financial Bank & Trust increased its stake in shares of Chubb by 0.5% in the second quarter. Parkside Financial Bank & Trust now owns 7,516 shares of the financial services provider's stock worth $1,917,000 after acquiring an additional 40 shares during the period. Steigerwald Gordon & Koch Inc. increased its stake in shares of Chubb by 1.9% in the second quarter. Steigerwald Gordon & Koch Inc. now owns 2,127 shares of the financial services provider's stock worth $543,000 after acquiring an additional 40 shares during the period. LVW Advisors LLC increased its stake in shares of Chubb by 0.3% in the third quarter. LVW Advisors LLC now owns 11,754 shares of the financial services provider's stock worth $3,390,000 after acquiring an additional 40 shares during the period. Finally, Wealth Effects LLC increased its stake in shares of Chubb by 3.0% in the third quarter. Wealth Effects LLC now owns 1,370 shares of the financial services provider's stock worth $395,000 after acquiring an additional 40 shares during the period. Institutional investors and hedge funds own 83.81% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently commented on CB. Barclays began coverage on shares of Chubb in a research report on Wednesday, September 4th. They set an "overweight" rating and a $349.00 price target on the stock. JMP Securities raised their price target on shares of Chubb from $300.00 to $325.00 and gave the company a "market outperform" 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 report on Friday, November 1st. Morgan Stanley lifted their target price on shares of Chubb from $295.00 to $300.00 and gave the company an "equal weight" rating in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group lifted their target price 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. Two 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. Based on data from MarketBeat.com, Chubb currently has a consensus rating of "Hold" and a consensus price target of $287.37.

Chubb Price Performance

CB traded down $5.94 on Monday, reaching $277.39. 2,160,228 shares of the company's stock were exchanged, compared to its average volume of 1,599,869. The stock has a market cap of $111.81 billion, a PE ratio of 11.36, a P/E/G ratio of 6.59 and a beta of 0.67. Chubb Limited has a twelve month low of $216.90 and a twelve month high of $302.05. The stock's fifty day moving average price is $286.66 and its 200-day moving average price is $276.58. 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 posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to analyst estimates 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 business posted $4.95 EPS. Sell-side analysts expect that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 13th will be issued a $0.91 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.31%. Chubb's payout ratio is 14.91%.

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.