Chubb Limited (NYSE:CB) Shares Bought by Advocate Group LLC

Advocate Group LLC increased its stake in Chubb Limited (NYSE:CB) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,800 shares of the financial services provider’s stock after purchasing an additional 86 shares during the quarter. Advocate Group LLC’s holdings in Chubb were worth $6,576,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC raised its position in Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in Chubb during the 3rd quarter worth about $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the 3rd quarter worth about $29,000. Raelipskie Partnership acquired a new stake in Chubb during the 3rd quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb during the 3rd quarter worth about $30,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Stock Performance

Chubb stock opened at $266.71 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a fifty day moving average price of $276.24 and a two-hundred day moving average price of $278.65. 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 $107.51 billion, a P/E ratio of 10.92, a P/E/G ratio of 7.23 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. The firm 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%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $4.95 earnings per share. As a group, analysts anticipate that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Dividend Announcement

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

Analyst Ratings Changes

Several research firms have issued reports on CB. JPMorgan Chase & Co. boosted their price objective on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. JMP Securities upped their target price on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group boosted their price target on Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Piper Sandler boosted their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Finally, Barclays lowered their price target 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 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company 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.