Chubb Limited (NYSE:CB) Shares Bought by Todd Asset Management LLC

Todd Asset Management LLC grew its position in Chubb Limited (NYSE:CB) by 1.6% in the 4th quarter, Holdings Channel reports. The institutional investor owned 250,237 shares of the financial services provider’s stock after purchasing an additional 3,934 shares during the period. Chubb accounts for 1.7% of Todd Asset Management LLC’s investment portfolio, making the stock its 6th biggest holding. Todd Asset Management LLC’s holdings in Chubb were worth $69,140,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in CB. FourThought Financial Partners LLC grew its stake in shares of Chubb by 0.8% during the fourth quarter. FourThought Financial Partners LLC now owns 41,499 shares of the financial services provider’s stock worth $11,466,000 after purchasing an additional 347 shares during the period. Brown Financial Advisors grew its stake in shares of Chubb by 2.6% during the fourth quarter. Brown Financial Advisors now owns 1,677 shares of the financial services provider’s stock worth $463,000 after purchasing an additional 43 shares during the period. CWS Financial Advisors LLC acquired a new stake in shares of Chubb during the fourth quarter worth $249,000. BankPlus Trust Department acquired a new stake in shares of Chubb during the fourth quarter worth $318,000. Finally, Impax Asset Management Group plc grew its stake in shares of Chubb by 18.6% during the fourth quarter. Impax Asset Management Group plc now owns 108,327 shares of the financial services provider’s stock worth $29,931,000 after purchasing an additional 17,006 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CB. Evercore ISI lifted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company reduced their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Keefe, Bruyette & Woods lifted their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Morgan Stanley lifted their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $295.73.

Chubb Stock Up 2.3 %

NYSE CB opened at $273.45 on Tuesday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The stock has a market capitalization of $110.23 billion, a PE ratio of 12.04, a PEG ratio of 3.36 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The business has a fifty day moving average price of $270.54 and a two-hundred day moving average price of $279.58.

Chubb (NYSE:CB) last announced 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 return on equity of 13.75% and a net margin of 16.63%. Equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current fiscal year.

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.