Certuity LLC Increases Position in Chubb Limited (NYSE:CB)

Certuity LLC grew its holdings in Chubb Limited (NYSE:CB) by 3.2% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 4,491 shares of the financial services provider’s stock after buying an additional 138 shares during the period. Certuity LLC’s holdings in Chubb were worth $1,241,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC raised its holdings in Chubb by 15.0% during the third quarter. Exchange Traded Concepts LLC now owns 3,143 shares of the financial services provider’s stock worth $906,000 after purchasing an additional 411 shares in the last quarter. Armstrong Advisory Group Inc. raised its holdings in Chubb by 45.4% during the third quarter. Armstrong Advisory Group Inc. now owns 205 shares of the financial services provider’s stock worth $59,000 after purchasing an additional 64 shares in the last quarter. Procyon Advisors LLC raised its holdings in Chubb by 1.2% during the third quarter. Procyon Advisors LLC now owns 6,202 shares of the financial services provider’s stock worth $1,789,000 after purchasing an additional 75 shares in the last quarter. Wedge Capital Management L L P NC purchased a new position in Chubb during the third quarter worth about $227,000. Finally, CX Institutional raised its holdings in Chubb by 5.3% during the third quarter. CX Institutional now owns 2,727 shares of the financial services provider’s stock worth $787,000 after purchasing an additional 137 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

CB opened at $267.95 on Wednesday. The company has a fifty day simple moving average of $273.04 and a 200 day simple moving average of $279.84. The firm has a market cap of $108.01 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 3.41 and a beta of 0.67. 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 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last released its quarterly earnings results 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 13.75%. Equities research analysts expect that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is currently 16.02%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CB shares. Keefe, Bruyette & Woods upped their target price on shares of 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 target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. 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, January 29th. Finally, Wells Fargo & Company lowered their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. 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 company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $295.73.

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.