Mediolanum International Funds Ltd Purchases 15,702 Shares of Chubb Limited (NYSE:CB)

Mediolanum International Funds Ltd raised its position in shares of Chubb Limited (NYSE:CB) by 31.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,757 shares of the financial services provider’s stock after buying an additional 15,702 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Chubb were worth $18,066,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CB. Continuum Advisory LLC increased its position in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares during the last quarter. Kozak & Associates Inc. purchased a new position in Chubb in the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Chubb in the 3rd quarter worth approximately $29,000. Raelipskie Partnership acquired a new position in shares of Chubb during the third quarter worth $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb during the 3rd quarter valued at about $30,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of CB stock opened at $274.76 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The business’s 50 day moving average is $275.63 and its two-hundred day moving average is $279.20. The company has a market capitalization of $110.76 billion, a P/E ratio of 11.25, a P/E/G ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Analysts expect that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.32%. Chubb’s dividend payout ratio (DPR) is 14.91%.

Analyst Ratings Changes

CB has been the subject of several research analyst reports. Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. JPMorgan Chase & Co. lifted their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday. Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Finally, JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a report on Wednesday. Two equities research 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $289.78.

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.