Griffin Asset Management Inc. Grows Stake in Chubb Limited (NYSE:CB)

Griffin Asset Management Inc. raised its position in Chubb Limited (NYSE:CB) by 1.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 10,258 shares of the financial services provider’s stock after acquiring an additional 195 shares during the quarter. Griffin Asset Management Inc.’s holdings in Chubb were worth $2,834,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Susquehanna Fundamental Investments LLC acquired a new position in Chubb in the 2nd quarter valued at $459,000. Ascent Group LLC raised its position in shares of Chubb by 12.4% in the second quarter. Ascent Group LLC now owns 6,946 shares of the financial services provider’s stock valued at $1,772,000 after buying an additional 764 shares during the last quarter. Creative Planning raised its position in shares of Chubb by 9.2% in the second quarter. Creative Planning now owns 141,320 shares of the financial services provider’s stock valued at $36,048,000 after buying an additional 11,891 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Chubb by 1.9% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 25,696 shares of the financial services provider’s stock worth $6,555,000 after buying an additional 486 shares in the last quarter. Finally, Invst LLC acquired a new position in Chubb during the second quarter worth about $220,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of Chubb stock opened at $276.48 on Tuesday. 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 market capitalization of $111.45 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 7.23 and a beta of 0.67. The business has a 50-day moving average of $276.24 and a 200 day moving average of $278.99. Chubb Limited has a 12 month low of $238.85 and a 12 month high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter in the prior year, the company earned $4.95 earnings per share. The company’s revenue was up 5.5% on a year-over-year basis. As a group, sell-side analysts forecast that Chubb Limited will post 21.95 earnings per share for the current year.

Chubb Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were paid a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.32%. Chubb’s dividend payout ratio is currently 14.91%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Wells Fargo & Company lowered their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Evercore ISI boosted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barclays cut 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. Morgan Stanley boosted 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. 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 research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $288.17.

About Chubb

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.