Private Advisor Group LLC Buys 2,198 Shares of Chubb Limited (NYSE:CB)

Private Advisor Group LLC raised its stake in Chubb Limited (NYSE:CB) by 13.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 18,745 shares of the financial services provider’s stock after purchasing an additional 2,198 shares during the period. Private Advisor Group LLC’s holdings in Chubb were worth $5,179,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CB. Ironwood Investment Counsel LLC raised its stake in Chubb by 2.1% during the third quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after acquiring an additional 35 shares in the last quarter. Continuum Advisory LLC boosted its position in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after buying an additional 35 shares in the last quarter. First Financial Bank Trust Division grew its stake in Chubb by 3.7% during the fourth quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after buying an additional 37 shares during the last quarter. Rede Wealth LLC increased its holdings in shares of Chubb by 2.0% during the fourth quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock worth $525,000 after buying an additional 37 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. raised its stake in shares of Chubb by 1.1% in the third quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock valued at $1,069,000 after acquiring an additional 40 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CB has been the topic of a number of recent analyst reports. Morgan Stanley boosted their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Wells Fargo & Company dropped their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $295.73.

Chubb Trading Down 0.1 %

NYSE:CB opened at $267.19 on Friday. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The firm has a market capitalization of $107.70 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 3.36 and a beta of 0.67. The business’s 50-day moving average price is $270.59 and its two-hundred day moving average price is $279.46.

Chubb (NYSE:CB) last posted its earnings results 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 net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current 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.