Genesis Private Wealth LLC Makes New Investment in Chubb Limited (NYSE:CB)

Genesis Private Wealth LLC acquired a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 897 shares of the financial services provider’s stock, valued at approximately $248,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of CB. Simon Quick Advisors LLC increased its stake in shares of Chubb by 11.1% during the fourth quarter. Simon Quick Advisors LLC now owns 1,741 shares of the financial services provider’s stock worth $481,000 after acquiring an additional 174 shares during the period. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Chubb by 3.2% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 9,523 shares of the financial services provider’s stock worth $2,631,000 after acquiring an additional 297 shares during the period. Planned Solutions Inc. increased its stake in shares of Chubb by 6.7% during the fourth quarter. Planned Solutions Inc. now owns 953 shares of the financial services provider’s stock worth $263,000 after acquiring an additional 60 shares during the period. Atomi Financial Group Inc. increased its stake in shares of Chubb by 6.2% during the fourth quarter. Atomi Financial Group Inc. now owns 4,778 shares of the financial services provider’s stock worth $1,320,000 after acquiring an additional 278 shares during the period. Finally, Transform Wealth LLC increased its stake in shares of Chubb by 12.5% during the fourth quarter. Transform Wealth LLC now owns 40,549 shares of the financial services provider’s stock worth $11,240,000 after acquiring an additional 4,513 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of CB opened at $268.97 on Wednesday. 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 $108.42 billion, a price-to-earnings ratio of 11.01, a PEG ratio of 7.27 and a beta of 0.67. The company’s 50 day simple moving average is $277.67 and its 200 day simple moving average is $278.60. Chubb Limited has a 1 year low of $237.67 and a 1 year high of $302.05.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.95 earnings per share. On average, sell-side analysts predict that Chubb Limited will post 21.95 EPS for the current year.

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is currently 14.91%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on CB shares. Keefe, Bruyette & Woods boosted their price target on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Evercore ISI upped their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Morgan Stanley upped their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, JMP Securities upped their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $288.17.

About Chubb

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.