Chubb Limited (NYSE:CB) Stock Holdings Increased by Ingalls & Snyder LLC

Ingalls & Snyder LLC boosted its position in Chubb Limited (NYSE:CB) by 1.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 72,946 shares of the financial services provider’s stock after buying an additional 878 shares during the quarter. Ingalls & Snyder LLC’s holdings in Chubb were worth $20,155,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CB. Exchange Traded Concepts LLC increased its holdings in Chubb by 15.0% in the third quarter. Exchange Traded Concepts LLC now owns 3,143 shares of the financial services provider’s stock valued at $906,000 after buying an additional 411 shares during the last quarter. Wedge Capital Management L L P NC bought a new position in shares of Chubb during the third quarter valued at approximately $227,000. CX Institutional grew its holdings in shares of Chubb by 5.3% during the third quarter. CX Institutional now owns 2,727 shares of the financial services provider’s stock valued at $787,000 after purchasing an additional 137 shares during the last quarter. Swedbank AB grew its holdings in shares of Chubb by 3.3% during the third quarter. Swedbank AB now owns 259,288 shares of the financial services provider’s stock valued at $74,776,000 after purchasing an additional 8,328 shares during the last quarter. Finally, Bill Few Associates Inc. bought a new position in shares of Chubb during the third quarter valued at approximately $220,000. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on CB. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Evercore ISI upped their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company lowered their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods increased their price objective on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $295.73.

Chubb Stock Performance

CB opened at $265.07 on Thursday. The company has a market capitalization of $106.85 billion, a price-to-earnings ratio of 11.67, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The business has a 50 day moving average price of $272.68 and a two-hundred day moving average price of $279.82.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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%. Research analysts predict that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.37%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

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.