Gladstone Institutional Advisory LLC Grows Stock Holdings in Chubb Limited (NYSE:CB)

Gladstone Institutional Advisory LLC grew its holdings in Chubb Limited (NYSE:CB) by 19.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,878 shares of the financial services provider’s stock after buying an additional 2,073 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Chubb were worth $3,558,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in CB. Continuum Advisory LLC raised its holdings in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares during the period. Kozak & Associates Inc. purchased a new position in Chubb during the third quarter worth $29,000. Gordian Capital Singapore Pte Ltd bought a new position in Chubb during the third quarter valued at $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb in the third quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb in the 3rd quarter worth about $30,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

Shares of NYSE:CB opened at $265.07 on Thursday. The firm has a 50 day moving average of $272.68 and a 200 day moving average of $279.82. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. 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. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, sell-side analysts predict that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 16.02%.

Analyst Upgrades and Downgrades

CB has been the topic of a number of recent analyst reports. Barclays reduced their price objective 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. raised their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Wells Fargo & Company reduced their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 14th. Finally, JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.