Mirador Capital Partners LP Takes $1.22 Million Position in Chubb Limited (NYSE:CB)

Mirador Capital Partners LP bought a new stake in Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,411 shares of the financial services provider’s stock, valued at approximately $1,219,000.

A number of other large investors also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC lifted its holdings in Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after acquiring an additional 130,629 shares during the period. Czech National Bank lifted its holdings in Chubb by 6.2% during the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after acquiring an additional 4,757 shares during the period. Barclays PLC lifted its holdings in Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after acquiring an additional 388,746 shares during the period. Moloney Securities Asset Management LLC lifted its holdings in Chubb by 97.9% during the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after acquiring an additional 1,905 shares during the period. Finally, Savvy Advisors Inc. bought a new stake in Chubb during the third quarter worth $721,000. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Keefe, Bruyette & Woods lifted their price target on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JMP Securities raised their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Piper Sandler raised their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Evercore ISI raised their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Chubb has an average rating of “Hold” and an average price target of $288.17.

Chubb Stock Up 0.8 %

CB stock opened at $270.43 on Thursday. Chubb Limited has a fifty-two week low of $226.74 and a fifty-two week high of $302.05. The business’s 50 day moving average price is $278.46 and its two-hundred day moving average price is $278.16. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The company has a market capitalization of $109.01 billion, a price-to-earnings ratio of 11.07, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $4.95 EPS. As a group, analysts forecast that Chubb Limited will post 21.93 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.35%. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

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.