Concord Wealth Partners Increases Stock Position in Chubb Limited (NYSE:CB)

Concord Wealth Partners lifted its stake in shares of Chubb Limited (NYSE:CB) by 34.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 8,952 shares of the financial services provider’s stock after purchasing an additional 2,276 shares during the quarter. Concord Wealth Partners’ holdings in Chubb were worth $2,473,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Continuum Advisory LLC boosted its position in Chubb by 56.5% during 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 in the last quarter. Kozak & Associates Inc. acquired a new position in shares of Chubb during the 3rd quarter worth $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the 3rd quarter worth about $29,000. Raelipskie Partnership acquired a new stake in Chubb in the 3rd quarter valued at about $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the 3rd quarter valued at about $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. increased their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JMP Securities restated a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a report on Wednesday. Finally, Jefferies Financial Group boosted their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two 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. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $289.83.

Chubb Trading Down 1.0 %

CB opened at $272.01 on Friday. The firm has a market capitalization of $109.65 billion, a P/E ratio of 11.97, a P/E/G ratio of 7.45 and a beta of 0.67. The firm’s 50 day moving average is $275.16 and its 200-day moving average is $279.25. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.86%. Analysts expect that Chubb Limited will post 22.86 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 16.02%.

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.