Kornitzer Capital Management Inc. KS Acquires 114 Shares of Chubb Limited (NYSE:CB)

Kornitzer Capital Management Inc. KS increased its holdings in shares of Chubb Limited (NYSE:CB) by 14.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 914 shares of the financial services provider’s stock after purchasing an additional 114 shares during the period. Kornitzer Capital Management Inc. KS’s holdings in Chubb were worth $253,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its holdings in Chubb by 57.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after purchasing an additional 130,629 shares during the period. Czech National Bank grew its holdings in Chubb by 6.2% during the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after purchasing an additional 4,757 shares during the period. Barclays PLC grew its holdings in Chubb by 28.1% during the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares during the period. Moloney Securities Asset Management LLC grew its holdings in Chubb by 97.9% during the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after purchasing an additional 1,905 shares during the period. Finally, Savvy Advisors Inc. bought a new stake in shares of Chubb during the third quarter worth approximately $721,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CB shares. Evercore ISI boosted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. boosted their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report 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. Barclays reduced their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Finally, Keefe, Bruyette & Woods boosted 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 issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $295.73.

Chubb Stock Down 0.1 %

Shares of CB opened at $266.37 on Thursday. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The company has a market cap of $107.37 billion, a P/E ratio of 11.72, a P/E/G ratio of 3.32 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. The firm has a 50 day simple moving average of $270.92 and a two-hundred day simple moving average of $279.45.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Research analysts forecast that Chubb Limited will post 21.52 EPS for the current fiscal year.

Chubb Company 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.