Pinnacle Financial Partners Inc Has $5.17 Million Stock Holdings in Chubb Limited (NYSE:CB)

Pinnacle Financial Partners Inc boosted its position in Chubb Limited (NYSE:CB) by 122.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 18,610 shares of the financial services provider’s stock after purchasing an additional 10,228 shares during the period. Pinnacle Financial Partners Inc’s holdings in Chubb were worth $5,171,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of CB. Private Advisor Group LLC lifted its stake in Chubb by 28.7% in the 3rd quarter. Private Advisor Group LLC now owns 16,547 shares of the financial services provider’s stock valued at $4,772,000 after purchasing an additional 3,694 shares during the last quarter. Busey Bank raised its holdings in Chubb by 11.2% in the 3rd quarter. Busey Bank now owns 900 shares of the financial services provider’s stock valued at $260,000 after acquiring an additional 91 shares during the period. Country Club Bank raised its holdings in Chubb by 28.4% in the 3rd quarter. Country Club Bank now owns 1,470 shares of the financial services provider’s stock valued at $426,000 after acquiring an additional 325 shares during the period. Allworth Financial LP raised its holdings in Chubb by 9.0% in the 3rd quarter. Allworth Financial LP now owns 9,923 shares of the financial services provider’s stock valued at $2,862,000 after acquiring an additional 823 shares during the period. Finally, BKM Wealth Management LLC raised its holdings in Chubb by 6.1% in the 3rd quarter. BKM Wealth Management LLC now owns 6,870 shares of the financial services provider’s stock valued at $1,981,000 after acquiring an additional 392 shares during the period. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on CB shares. JPMorgan Chase & Co. increased their price target on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Chubb in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Morgan Stanley raised their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” 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, the stock presently has an average rating of “Hold” and a consensus target price of $295.73.

Chubb Stock Performance

Shares of Chubb stock opened at $267.19 on Friday. 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. The firm has a market capitalization of $107.70 billion, a P/E ratio of 11.76, a P/E/G ratio of 3.36 and a beta of 0.67. The company’s 50 day moving average price is $270.59 and its two-hundred day moving average price is $279.46.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating 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, equities analysts forecast that Chubb Limited will post 21.52 earnings per share 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.