Miracle Mile Advisors LLC boosted its position in Chubb Limited (NYSE:CB – Free Report) by 552.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,390 shares of the financial services provider’s stock after buying an additional 5,411 shares during the quarter. Miracle Mile Advisors LLC’s holdings in Chubb were worth $1,766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also bought and sold shares of CB. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Chubb by 57.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after acquiring an additional 130,629 shares during the period. Czech National Bank boosted its holdings in shares of Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after acquiring an additional 4,757 shares during the period. Barclays PLC boosted its holdings in shares of Chubb by 28.1% in the third quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after acquiring an additional 388,746 shares during the period. Moloney Securities Asset Management LLC boosted its holdings in shares of Chubb by 97.9% in the third quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock worth $1,111,000 after acquiring an additional 1,905 shares during the period. Finally, Savvy Advisors Inc. bought a new position in shares of Chubb in the third quarter worth $721,000. 83.81% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently commented on CB shares. Wells Fargo & Company cut their price target on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday. JPMorgan Chase & Co. lifted their price objective on Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research note on Friday, January 3rd. Keefe, Bruyette & Woods lifted their price objective on Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a research note on Friday, January 10th. Evercore ISI lifted their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, Barclays dropped their price objective on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $288.17.
Chubb Trading Up 1.4 %
CB opened at $265.54 on Wednesday. The business has a 50 day simple moving average of $278.46 and a two-hundred day simple moving average of $278.16. The firm has a market capitalization of $107.04 billion, a price-to-earnings ratio of 10.87, a PEG ratio of 6.43 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. Chubb Limited has a one year low of $226.06 and a one year high of $302.05.
Chubb (NYSE:CB – Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Chubb’s quarterly revenue was up 5.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $4.95 EPS. Analysts predict that Chubb Limited will post 21.82 EPS for the current year.
Chubb Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 14.91%.
Chubb Company 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.
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