Concurrent Investment Advisors LLC Has $4.61 Million Stock Position in Chubb Limited (NYSE:CB)

Concurrent Investment Advisors LLC boosted its holdings in shares of Chubb Limited (NYSE:CB) by 0.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,699 shares of the financial services provider’s stock after buying an additional 121 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Chubb were worth $4,614,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of CB. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Chubb by 57.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after buying an additional 130,629 shares during the last quarter. Czech National Bank grew its stake in Chubb by 6.2% in the 4th quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock valued at $22,458,000 after buying an additional 4,757 shares during the last quarter. Barclays PLC raised its holdings in Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after acquiring an additional 388,746 shares during the period. Moloney Securities Asset Management LLC lifted its position 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 acquiring an additional 1,905 shares during the last quarter. 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.

Analyst Ratings Changes

CB has been the subject of several research reports. JPMorgan Chase & Co. lifted their price target 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 reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Morgan Stanley raised their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company cut their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Stock Up 0.5 %

NYSE CB opened at $267.69 on Friday. The business has a fifty day moving average price of $270.77 and a two-hundred day moving average price of $279.37. The stock has a market capitalization of $107.90 billion, a PE ratio of 11.78, a PEG ratio of 3.35 and a beta of 0.67. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share 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%. Equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

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.