FUKOKU MUTUAL LIFE INSURANCE Co Has $329,000 Position in Chubb Limited (NYSE:CB)

FUKOKU MUTUAL LIFE INSURANCE Co reduced its holdings in shares of Chubb Limited (NYSE:CB) by 27.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,192 shares of the financial services provider’s stock after selling 446 shares during the period. FUKOKU MUTUAL LIFE INSURANCE Co’s holdings in Chubb were worth $329,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Ironwood Investment Counsel LLC lifted its holdings in Chubb by 2.1% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock valued at $496,000 after purchasing an additional 35 shares during the last quarter. Continuum Advisory LLC lifted its holdings in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. First Financial Bank Trust Division lifted its holdings in Chubb by 3.7% during the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 37 shares during the last quarter. Rede Wealth LLC lifted its holdings in Chubb by 2.0% during the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 37 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its holdings in Chubb by 1.1% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock valued at $1,069,000 after purchasing an additional 40 shares during the last quarter. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CB. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. Morgan Stanley boosted their target price on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Barclays dropped their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. 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. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $295.73.

Chubb Stock Down 1.4 %

Shares of CB stock opened at $273.47 on Thursday. The firm has a fifty day moving average of $270.60 and a 200-day moving average of $279.59. 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 12-month low of $238.85 and a 12-month high of $302.05. The company has a market capitalization of $110.24 billion, a price-to-earnings ratio of 12.04, a P/E/G ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS 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%. As a group, equities research analysts predict 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.