Concord Asset Management LLC VA Increases Stock Holdings in Chubb Limited (NYSE:CB)

Concord Asset Management LLC VA increased its holdings in Chubb Limited (NYSE:CB) by 28.9% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,904 shares of the financial services provider’s stock after purchasing an additional 1,998 shares during the quarter. Concord Asset Management LLC VA’s holdings in Chubb were worth $2,460,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Continuum Advisory LLC raised its holdings in shares of Chubb by 56.5% in the third 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 last quarter. Kozak & Associates Inc. acquired a new position in Chubb in the 3rd quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb during the 3rd quarter worth about $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb during the third quarter worth about $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Down 1.0 %

Shares of Chubb stock opened at $272.01 on Friday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The stock has a market cap of $109.65 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 7.45 and a beta of 0.67. 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 company has a fifty day moving average price of $275.16 and a 200 day moving average price of $279.25.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.86% and a net margin of 16.63%. Equities research analysts forecast that Chubb Limited will post 22.86 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.34%. Chubb’s dividend payout ratio is currently 16.02%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on CB. Bank of America upped their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research note on Thursday. JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday. Finally, Barclays lowered their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $289.83.

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.