First Citizens Bank & Trust Co. Raises Stock Holdings in Chubb Limited (NYSE:CB)

First Citizens Bank & Trust Co. boosted its holdings in shares of Chubb Limited (NYSE:CB) by 6.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,527 shares of the financial services provider’s stock after purchasing an additional 271 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in Chubb were worth $1,251,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Smith Chas P & Associates PA Cpas boosted its position in Chubb by 0.9% during the fourth quarter. Smith Chas P & Associates PA Cpas now owns 157,205 shares of the financial services provider’s stock worth $43,436,000 after purchasing an additional 1,471 shares in the last quarter. Advocate Group LLC lifted its position in shares of Chubb by 0.4% in the fourth quarter. Advocate Group LLC now owns 23,800 shares of the financial services provider’s stock valued at $6,576,000 after acquiring an additional 86 shares in the last quarter. Compass Wealth Management LLC lifted its position in shares of Chubb by 0.8% in the fourth quarter. Compass Wealth Management LLC now owns 15,646 shares of the financial services provider’s stock valued at $4,323,000 after acquiring an additional 128 shares in the last quarter. Grimes & Company Inc. lifted its position in shares of Chubb by 3.0% in the fourth quarter. Grimes & Company Inc. now owns 1,923 shares of the financial services provider’s stock valued at $531,000 after acquiring an additional 56 shares in the last quarter. Finally, Cyndeo Wealth Partners LLC lifted its position in shares of Chubb by 1.3% in the fourth quarter. Cyndeo Wealth Partners LLC now owns 19,135 shares of the financial services provider’s stock valued at $5,287,000 after acquiring an additional 237 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of several research reports. JPMorgan Chase & Co. raised 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. Evercore ISI raised their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Piper Sandler lifted their price objective on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. Finally, Morgan Stanley lifted their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $288.17.

Chubb Trading Up 0.1 %

Shares of NYSE CB opened at $266.71 on Monday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a fifty day simple moving average of $276.24 and a 200-day simple moving average of $278.83. The stock has a market capitalization of $107.51 billion, a PE ratio of 10.92, a PEG ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last issued 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 return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same period in the previous year, the firm posted $4.95 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. On average, equities analysts forecast that Chubb Limited will post 21.95 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.36%. Chubb’s payout ratio 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.