Wingate Wealth Advisors Inc. Acquires New Position in Chubb Limited (NYSE:CB)

Wingate Wealth Advisors Inc. bought a new position in shares of Chubb Limited (NYSE:CB) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 325 shares of the financial services provider’s stock, valued at approximately $90,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Continuum Advisory LLC increased its stake in shares of 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 buying an additional 35 shares during the period. Kozak & Associates Inc. acquired a new position in Chubb during the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb in the 3rd quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb during the 3rd quarter worth $30,000. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on CB shares. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Keefe, Bruyette & Woods raised their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Morgan Stanley upped their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Finally, Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $295.73.

Chubb Trading Down 1.4 %

NYSE CB opened at $266.32 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The firm has a market cap of $107.36 billion, a PE ratio of 11.72, a P/E/G ratio of 3.41 and a beta of 0.67. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The firm’s fifty day moving average is $273.52 and its two-hundred day moving average is $279.80.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS 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 13.75%. Analysts expect that Chubb Limited will post 21.66 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.37%. Chubb’s dividend payout ratio is presently 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.