Bank of Jackson Hole Trust Takes $101,000 Position in Chubb Limited (NYSE:CB)

Bank of Jackson Hole Trust bought a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 365 shares of the financial services provider’s stock, valued at approximately $101,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its stake in Chubb by 56.5% during the 3rd 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 last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the 3rd quarter worth $29,000. Raelipskie Partnership purchased a new position in Chubb during the 3rd quarter worth $29,000. Sierra Ocean LLC purchased a new position in Chubb during the 4th quarter worth $29,000. Finally, Truvestments Capital LLC purchased a new position in Chubb during the 3rd quarter worth $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Price Performance

Shares of Chubb stock opened at $266.37 on Thursday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The business has a 50-day moving average price of $270.92 and a 200 day moving average price of $279.45. The firm has a market cap of $107.37 billion, a PE ratio of 11.72, a P/E/G ratio of 3.32 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating 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%. Sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CB. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price target 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 lifted their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Evercore ISI lifted their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday, January 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.