Chubb Limited (NYSE:CB) Shares Purchased by Vest Financial LLC

Vest Financial LLC lifted its holdings in Chubb Limited (NYSE:CB) by 12.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 322,904 shares of the financial services provider’s stock after acquiring an additional 36,016 shares during the period. Chubb makes up approximately 1.6% of Vest Financial LLC’s portfolio, making the stock its biggest position. Vest Financial LLC owned approximately 0.08% of Chubb worth $89,218,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Brookstone Capital Management grew its holdings in Chubb by 25.0% in the third quarter. Brookstone Capital Management now owns 1,261 shares of the financial services provider’s stock worth $364,000 after purchasing an additional 252 shares during the period. CWM LLC grew its stake in shares of Chubb by 14.5% in the 3rd quarter. CWM LLC now owns 15,375 shares of the financial services provider’s stock valued at $4,434,000 after buying an additional 1,950 shares during the period. Hexagon Capital Partners LLC increased its position in Chubb by 21.9% in the 3rd quarter. Hexagon Capital Partners LLC now owns 485 shares of the financial services provider’s stock valued at $140,000 after buying an additional 87 shares in the last quarter. Wedmont Private Capital raised its stake in Chubb by 2.7% during the 3rd quarter. Wedmont Private Capital now owns 5,258 shares of the financial services provider’s stock worth $1,457,000 after buying an additional 139 shares during the period. Finally, Quotient Wealth Partners LLC boosted its holdings in Chubb by 10.9% in the third quarter. Quotient Wealth Partners LLC now owns 1,166 shares of the financial services provider’s stock worth $336,000 after acquiring an additional 115 shares in the last quarter. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Performance

Shares of Chubb stock opened at $270.14 on Friday. The business’s fifty day simple moving average is $273.89 and its 200 day simple moving average is $279.49. The company has a current ratio of 0.25, 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 firm has a market capitalization of $108.89 billion, a P/E ratio of 11.89, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. As a group, analysts anticipate that Chubb Limited will post 21.91 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. This represents a $3.64 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 16.02%.

Analyst Upgrades and Downgrades

CB has been the subject of several recent research reports. JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Wells Fargo & Company lowered their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Barclays decreased their target price 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. Finally, Keefe, Bruyette & Woods lifted their price target on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research note on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $295.73.

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.