LMG Wealth Partners LLC Raises Holdings in Chubb Limited (NYSE:CB)

LMG Wealth Partners LLC increased its position in Chubb Limited (NYSE:CB) by 5.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,157 shares of the financial services provider’s stock after purchasing an additional 652 shares during the period. LMG Wealth Partners LLC’s holdings in Chubb were worth $3,359,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Stratos Wealth Advisors LLC acquired a new stake in Chubb during the 3rd quarter worth $252,000. Sequoia Financial Advisors LLC raised its holdings in shares of Chubb by 204.7% in the third quarter. Sequoia Financial Advisors LLC now owns 21,347 shares of the financial services provider’s stock valued at $6,157,000 after buying an additional 14,340 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Chubb by 1.7% during the third quarter. Signaturefd LLC now owns 5,855 shares of the financial services provider’s stock worth $1,688,000 after buying an additional 100 shares during the period. Eastern Bank purchased a new position in shares of Chubb during the third quarter worth about $1,090,000. Finally, Waldron Private Wealth LLC increased its position in Chubb by 5.7% in the 3rd quarter. Waldron Private Wealth LLC now owns 2,929 shares of the financial services provider’s stock valued at $845,000 after acquiring an additional 159 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Trading Down 0.1 %

Shares of CB stock opened at $266.37 on Thursday. The stock 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 quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The business has a fifty day simple moving average of $270.92 and a 200-day simple moving average of $279.45.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CB shares. Evercore ISI upped their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JMP Securities restated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Barclays lowered their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Wells Fargo & Company dropped their price target on shares of 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, Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Two investment 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’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $295.73.

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.