Chubb Limited (NYSE:CB) Shares Bought by Wealth Quarterback LLC

Wealth Quarterback LLC lifted its stake in Chubb Limited (NYSE:CB) by 1.5% in the fourth quarter, HoldingsChannel reports. The fund owned 5,730 shares of the financial services provider’s stock after purchasing an additional 82 shares during the quarter. Chubb makes up 0.7% of Wealth Quarterback LLC’s holdings, making the stock its 26th largest holding. Wealth Quarterback LLC’s holdings in Chubb were worth $1,583,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC lifted its stake in Chubb by 56.5% during the third 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 in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the 3rd quarter worth approximately $29,000. Raelipskie Partnership acquired a new stake in Chubb during the 3rd quarter valued at $29,000. Sierra Ocean LLC purchased a new position in shares of Chubb during the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb during the third quarter valued at $30,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Performance

NYSE:CB opened at $264.49 on Monday. The stock has a market capitalization of $106.62 billion, a P/E ratio of 11.64, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The firm has a 50 day moving average of $271.54 and a 200-day moving average of $279.63. 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 posted its quarterly earnings data 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, sell-side analysts anticipate 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. Investors of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.38%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Wall Street Analyst Weigh In

CB has been the topic of a number of research analyst reports. Evercore ISI boosted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Wells Fargo & Company cut their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods upped their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Barclays reduced their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Morgan Stanley boosted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Chubb has a consensus rating of “Hold” and an average 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.