YANKCOM Partnership Invests $579,000 in Chubb Limited (NYSE:CB)

YANKCOM Partnership acquired a new stake in shares of Chubb Limited (NYSE:CB) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 2,095 shares of the financial services provider’s stock, valued at approximately $579,000.

Other institutional investors have also recently added to or reduced their stakes in the company. NovaPoint Capital LLC raised its holdings in Chubb by 1.4% in the 4th quarter. NovaPoint Capital LLC now owns 17,532 shares of the financial services provider’s stock valued at $4,844,000 after acquiring an additional 241 shares during the last quarter. Tyche Wealth Partners LLC grew its position in shares of Chubb by 48.5% in the fourth quarter. Tyche Wealth Partners LLC now owns 2,128 shares of the financial services provider’s stock valued at $588,000 after purchasing an additional 695 shares during the period. Choreo LLC increased its stake in Chubb by 109.5% in the fourth quarter. Choreo LLC now owns 27,331 shares of the financial services provider’s stock valued at $7,540,000 after purchasing an additional 14,288 shares during the last quarter. Country Club Bank lifted its position in Chubb by 28.2% during the fourth quarter. Country Club Bank now owns 1,885 shares of the financial services provider’s stock worth $519,000 after buying an additional 415 shares during the period. Finally, Virginia Wealth Management Group Inc. boosted its stake in Chubb by 0.6% in the 4th quarter. Virginia Wealth Management Group Inc. now owns 19,211 shares of the financial services provider’s stock worth $5,308,000 after buying an additional 114 shares during the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Price Performance

NYSE CB opened at $272.73 on Thursday. The business’s fifty day moving average is $274.59 and its two-hundred day moving average is $279.59. The stock has a market capitalization of $109.94 billion, a P/E ratio of 12.00, a P/E/G ratio of 3.35 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05.

Chubb (NYSE:CB) last released its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. On average, research analysts forecast that Chubb Limited will post 21.91 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. 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 presently 16.02%.

Wall Street Analysts Forecast Growth

CB has been the topic of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Evercore ISI lifted their price target on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Morgan Stanley raised their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $295.73.

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.