Stoneridge Investment Partners LLC Acquires Shares of 27,680 Chubb Limited (NYSE:CB)

Stoneridge Investment Partners LLC bought a new position in Chubb Limited (NYSE:CB) during the 4th quarter, HoldingsChannel.com reports. The fund bought 27,680 shares of the financial services provider’s stock, valued at approximately $7,648,000. Chubb comprises approximately 2.7% of Stoneridge Investment Partners LLC’s holdings, making the stock its 8th biggest holding.

A number of other large investors have also made changes to their positions in CB. Continuum Advisory LLC increased its holdings in shares of Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the period. Kozak & Associates Inc. purchased a new position in Chubb during the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the 3rd quarter valued at approximately $29,000. Raelipskie Partnership purchased a new stake in Chubb in the 3rd quarter worth approximately $29,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Chubb during the 3rd quarter valued at $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Down 1.0 %

Chubb stock opened at $270.14 on Friday. The business’s 50-day simple moving average is $273.52 and its 200-day simple moving average is $279.55. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The firm has a market capitalization of $108.89 billion, a PE ratio of 11.89, a PEG ratio of 3.41 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

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

Chubb Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis 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 16.02%.

Wall Street Analyst Weigh In

CB has been the topic of a number of research reports. Barclays dropped their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Evercore ISI boosted their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company cut their price objective on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target 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.