Lake Street Advisors Group LLC Has $929,000 Position in Chubb Limited (NYSE:CB)

Lake Street Advisors Group LLC grew its stake in Chubb Limited (NYSE:CB) by 3.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,351 shares of the financial services provider’s stock after purchasing an additional 121 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Chubb were worth $929,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. 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 buying an additional 35 shares during the last quarter. Continuum Advisory LLC grew 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 worth $28,000 after acquiring an additional 35 shares during the period. First Financial Bank Trust Division raised its position in shares of Chubb by 3.7% in the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after acquiring an additional 37 shares in the last quarter. Rede Wealth LLC lifted its stake in shares of Chubb by 2.0% in 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 period. Finally, Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of Chubb by 1.1% in 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 period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on CB. Barclays decreased their target price on 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 lowered their price objective 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 target price on shares of Chubb in a research note on Wednesday, January 29th. Evercore ISI lifted their price target 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. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, Chubb currently has an average rating of “Hold” and a consensus price target of $295.73.

Chubb Stock Performance

Shares of CB opened at $273.47 on Thursday. The firm has a market capitalization of $110.24 billion, a P/E ratio of 12.04, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The stock has a 50 day moving average price of $270.60 and a two-hundred day moving average price of $279.59. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) 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 forecast 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.