Avior Wealth Management LLC Has $1.22 Million Holdings in Chubb Limited (NYSE:CB)

Avior Wealth Management LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 2.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,412 shares of the financial services provider’s stock after buying an additional 98 shares during the period. Avior Wealth Management LLC’s holdings in Chubb were worth $1,219,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. APG Asset Management N.V. boosted its position in Chubb by 50.1% during the second quarter. APG Asset Management N.V. now owns 280,286 shares of the financial services provider’s stock valued at $66,709,000 after acquiring an additional 93,600 shares during the last quarter. MBB Public Markets I LLC boosted its position in Chubb by 2,580.8% during the second quarter. MBB Public Markets I LLC now owns 29,650 shares of the financial services provider’s stock valued at $7,563,000 after acquiring an additional 28,544 shares during the last quarter. Legal & General Group Plc boosted its position in Chubb by 2.9% during the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock valued at $938,663,000 after acquiring an additional 104,986 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Chubb during the second quarter valued at $459,000. Finally, Murchinson Ltd. bought a new stake in Chubb during the second quarter valued at $797,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 0.1 %

Chubb stock opened at $266.71 on Friday. Chubb Limited has a twelve month low of $238.85 and a twelve month high of $302.05. The firm has a 50 day moving average price of $276.67 and a 200-day moving average price of $278.56. The company has a market capitalization of $107.51 billion, a P/E ratio of 10.92, a P/E/G ratio of 7.23 and a beta of 0.67. 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 released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the firm earned $4.95 EPS. The company’s revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts predict that Chubb Limited will post 21.95 EPS for the current year.

Chubb Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

Wall Street Analyst Weigh In

CB has been the topic of a number of research analyst reports. Morgan Stanley upped their price target on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Barclays dropped their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Evercore ISI upped their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $288.17.

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.