RoundAngle Advisors LLC Makes New $1.05 Million Investment in Chubb Limited (NYSE:CB)

RoundAngle Advisors LLC acquired a new stake in Chubb Limited (NYSE:CB) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 3,795 shares of the financial services provider’s stock, valued at approximately $1,049,000.

Other institutional investors also recently modified their holdings of the company. Intech Investment Management LLC grew its stake in Chubb by 16.8% in the second quarter. Intech Investment Management LLC now owns 13,018 shares of the financial services provider’s stock valued at $3,321,000 after acquiring an additional 1,876 shares during the period. AE Wealth Management LLC grew its position in Chubb by 52.8% in the 2nd quarter. AE Wealth Management LLC now owns 3,467 shares of the financial services provider’s stock valued at $884,000 after purchasing an additional 1,198 shares during the period. Pacer Advisors Inc. increased its stake in Chubb by 2.0% during the 2nd quarter. Pacer Advisors Inc. now owns 38,052 shares of the financial services provider’s stock valued at $9,706,000 after purchasing an additional 760 shares in the last quarter. ProShare Advisors LLC raised its holdings in Chubb by 1.0% during the second quarter. ProShare Advisors LLC now owns 789,602 shares of the financial services provider’s stock worth $201,412,000 after buying an additional 7,440 shares during the last quarter. Finally, Frank Rimerman Advisors LLC lifted its stake in shares of Chubb by 11,560.0% in the second quarter. Frank Rimerman Advisors LLC now owns 4,081 shares of the financial services provider’s stock valued at $1,041,000 after buying an additional 4,046 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on CB. Piper Sandler upped their target price on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Morgan Stanley increased their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Wells Fargo & Company lowered their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 14th. Finally, Barclays cut their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $288.17.

Chubb Price Performance

CB opened at $269.38 on Monday. The firm has a 50-day moving average price of $277.89 and a 200-day moving average price of $278.32. Chubb Limited has a twelve month low of $226.74 and a twelve month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market capitalization of $108.59 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 5.65 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. During the same period in the previous year, the business earned $4.95 EPS. Chubb’s revenue was up 5.5% compared to the same quarter last year. Equities analysts expect that Chubb Limited will post 21.93 EPS for the current year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid 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 is currently 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.