Central Valley Advisors LLC Grows Position in Chubb Limited (NYSE:CB)

Central Valley Advisors LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 5.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,030 shares of the financial services provider’s stock after purchasing an additional 410 shares during the quarter. Chubb makes up approximately 1.0% of Central Valley Advisors LLC’s holdings, making the stock its 24th largest holding. Central Valley Advisors LLC’s holdings in Chubb were worth $2,219,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Cohen Investment Advisors LLC lifted its position in Chubb by 11.7% during the fourth quarter. Cohen Investment Advisors LLC now owns 11,677 shares of the financial services provider’s stock worth $3,226,000 after buying an additional 1,222 shares during the period. Ritholtz Wealth Management lifted its holdings in shares of Chubb by 3.3% during the 4th quarter. Ritholtz Wealth Management now owns 7,365 shares of the financial services provider’s stock worth $2,035,000 after acquiring an additional 236 shares during the period. Mirador Capital Partners LP purchased a new stake in Chubb in the fourth quarter valued at approximately $1,219,000. RMR Wealth Builders boosted its position in Chubb by 2.5% during the 4th quarter. RMR Wealth Builders now owns 4,483 shares of the financial services provider’s stock worth $1,239,000 after purchasing an additional 110 shares during the period. Finally, BluePath Capital Management LLC lifted its stake in shares of Chubb by 19.8% during the fourth quarter. BluePath Capital Management LLC now owns 4,531 shares of the financial services provider’s stock worth $1,186,000 after purchasing an additional 748 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the subject of a number of recent research reports. Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. JMP Securities raised their price target on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company cut their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday. Jefferies Financial Group raised their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Evercore ISI upped their target price on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and a consensus price target of $288.17.

Chubb Price Performance

Shares of NYSE CB opened at $273.49 on Friday. The stock has a market cap of $110.25 billion, a P/E ratio of 11.20, a P/E/G ratio of 5.65 and a beta of 0.67. The firm’s 50-day simple moving average is $278.22 and its 200 day simple moving average is $278.09. Chubb Limited has a fifty-two week low of $226.74 and a fifty-two week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The business’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $4.95 earnings per share. Equities analysts expect that Chubb Limited will post 21.93 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.33%. Chubb’s dividend payout ratio (DPR) is 14.91%.

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.