Equitable Trust Co. Purchases 126 Shares of Chubb Limited (NYSE:CB)

Equitable Trust Co. boosted its position in Chubb Limited (NYSE:CB) by 12.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,124 shares of the financial services provider’s stock after acquiring an additional 126 shares during the period. Equitable Trust Co.’s holdings in Chubb were worth $311,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in CB. FMR LLC raised its position in shares of Chubb by 7.3% in the third quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after purchasing an additional 1,052,999 shares during the period. Barclays PLC raised its holdings in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after acquiring an additional 388,746 shares during the period. Caisse DE Depot ET Placement DU Quebec lifted its position in shares of Chubb by 49.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after acquiring an additional 389,343 shares in the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Chubb by 28,885.3% in the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock worth $2,696,640,000 after acquiring an additional 931,841 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in shares of Chubb by 0.8% in the third quarter. PNC Financial Services Group Inc. now owns 925,622 shares of the financial services provider’s stock valued at $266,940,000 after purchasing an additional 7,462 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

CB opened at $267.95 on Wednesday. The stock has a market capitalization of $108.01 billion, a P/E ratio of 11.79, a PEG ratio of 3.41 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The stock has a 50-day moving average price of $273.04 and a 200-day moving average price of $279.84.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts predict that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is presently 16.02%.

Analysts Set New Price Targets

CB has been the topic of a number of recent research reports. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. JPMorgan Chase & Co. upped their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods raised their price target 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 analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Chubb has a consensus rating of “Hold” and a consensus target price of $295.73.

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.