Van Cleef Asset Management Inc Grows Holdings in Chubb Limited (NYSE:CB)

Van Cleef Asset Management Inc boosted its holdings in shares of Chubb Limited (NYSE:CB) by 0.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 24,193 shares of the financial services provider’s stock after purchasing an additional 135 shares during the period. Chubb makes up 0.7% of Van Cleef Asset Management Inc’s investment portfolio, making the stock its 25th largest holding. Van Cleef Asset Management Inc’s holdings in Chubb were worth $6,685,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Pallas Capital Advisors LLC boosted its holdings in shares of Chubb by 6.1% in the third quarter. Pallas Capital Advisors LLC now owns 2,655 shares of the financial services provider’s stock valued at $781,000 after acquiring an additional 152 shares in the last quarter. Pinnacle Associates Ltd. increased its position in Chubb by 8.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 16,461 shares of the financial services provider’s stock worth $4,747,000 after purchasing an additional 1,281 shares during the period. Catalyst Financial Partners LLC raised its stake in shares of Chubb by 4.7% during the 3rd quarter. Catalyst Financial Partners LLC now owns 1,820 shares of the financial services provider’s stock worth $525,000 after buying an additional 82 shares in the last quarter. HM Payson & Co. lifted its holdings in shares of Chubb by 6.9% in the 3rd quarter. HM Payson & Co. now owns 8,553 shares of the financial services provider’s stock valued at $2,467,000 after buying an additional 555 shares during the period. Finally, Cordatus Wealth Management LLC grew its holdings in Chubb by 1.0% during the third quarter. Cordatus Wealth Management LLC now owns 6,530 shares of the financial services provider’s stock worth $1,883,000 after acquiring an additional 66 shares during the period. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on CB. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. 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 report on Wednesday, January 29th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Wells Fargo & Company lowered their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Finally, JMP Securities reiterated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Two 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 MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $295.73.

Chubb Stock Up 3.0 %

Shares of NYSE CB opened at $281.99 on Friday. The firm’s 50 day moving average price is $270.77 and its 200 day moving average price is $279.61. 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 Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The firm has a market cap of $113.67 billion, a P/E ratio of 12.41, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last released its 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 net margin of 16.63% and a return on equity of 13.75%. As a group, sell-side analysts anticipate that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.29%. Chubb’s payout ratio is 16.02%.

About Chubb

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.