HB Wealth Management LLC Raises Position in Chubb Limited (NYSE:CB)

HB Wealth Management LLC lifted its stake in Chubb Limited (NYSE:CB) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,749 shares of the financial services provider’s stock after purchasing an additional 1,193 shares during the period. HB Wealth Management LLC’s holdings in Chubb were worth $9,048,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Continuum Advisory LLC lifted its stake in shares of 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 buying an additional 35 shares in the last quarter. Kozak & Associates Inc. purchased a new position in shares of Chubb in the third quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of Chubb in the third quarter worth about $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the third quarter worth about $29,000. Finally, Truvestments Capital LLC bought a new stake in Chubb during the 3rd quarter valued at approximately $30,000. 83.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Morgan Stanley increased their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods lifted their price target on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Evercore ISI increased their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Piper Sandler lifted their target price on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, October 4th. Finally, Bank of America increased their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $288.17.

Chubb Price Performance

Chubb stock opened at $269.38 on Friday. Chubb Limited has a 12-month low of $226.74 and a 12-month high of $302.05. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $277.89 and a 200-day moving average price of $278.16. The firm has a market capitalization of $108.59 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter last year, the firm earned $4.95 earnings per share. As a group, equities research analysts forecast that Chubb Limited will post 21.93 EPS for the current year.

Chubb Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 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.