Bartlett & CO. Wealth Management LLC Purchases 4,414 Shares of Chubb Limited (NYSE:CB)

Bartlett & CO. Wealth Management LLC raised its position in shares of Chubb Limited (NYSE:CB) by 1.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 235,495 shares of the financial services provider’s stock after purchasing an additional 4,414 shares during the quarter. Bartlett & CO. Wealth Management LLC owned 0.06% of Chubb worth $65,256,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of CB. Continuum Advisory LLC increased its position in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in Chubb during the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb in the 3rd quarter worth $29,000. Raelipskie Partnership purchased a new position in shares of Chubb in the third quarter worth $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the third quarter valued at $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Bank of America lifted their price target on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research note on Thursday, October 10th. Piper Sandler increased their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Evercore ISI lifted their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, Barclays dropped their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $288.17.

Chubb Stock Down 0.2 %

Shares of CB stock opened at $268.21 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The company’s fifty day moving average price is $277.39 and its 200-day moving average price is $278.72. The company has a market capitalization of $108.11 billion, a price-to-earnings ratio of 10.98, a PEG ratio of 7.29 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.95 earnings per share. Sell-side analysts expect that Chubb Limited will post 22 EPS for the current fiscal year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is currently 14.91%.

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.