Chubb Limited (NYSE:CB) Shares Acquired by Crestwood Advisors Group LLC

Crestwood Advisors Group LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 138.7% in the fourth quarter, Holdings Channel reports. The firm owned 4,548 shares of the financial services provider’s stock after buying an additional 2,643 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Chubb were worth $1,257,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of CB. Continuum Advisory LLC raised its stake in 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 acquiring an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb during the third quarter worth approximately $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb during the third quarter worth $29,000. Sierra Ocean LLC purchased a new position in Chubb in the 4th quarter valued at $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb in the 3rd quarter valued at $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Price Performance

Chubb stock opened at $273.45 on Tuesday. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $270.54 and its 200 day simple moving average is $279.58. 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 $110.23 billion, a PE ratio of 12.04, a P/E/G ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, equities research analysts predict that Chubb Limited will post 21.52 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Barclays reduced 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. Finally, Morgan Stanley lifted their price target on Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average 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.