Chubb Limited (NYSE:CB) Shares Acquired by Checchi Capital Advisers LLC

Checchi Capital Advisers LLC grew its position in Chubb Limited (NYSE:CB) by 2.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,747 shares of the financial services provider’s stock after acquiring an additional 95 shares during the period. Checchi Capital Advisers LLC’s holdings in Chubb were worth $1,035,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CB. Continuum Advisory LLC grew its stake in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb during the 3rd quarter worth $29,000. Raelipskie Partnership acquired a new position in Chubb during the 3rd quarter worth $29,000. Sierra Ocean LLC acquired a new position in Chubb during the 4th quarter worth $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb during the 3rd quarter worth $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Evercore ISI boosted their target price on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. boosted their target price on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. 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. Morgan Stanley lifted their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods lifted their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and an average price target of $295.73.

Chubb Stock Down 1.4 %

Chubb stock opened at $273.47 on Thursday. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The company has a market capitalization of $110.24 billion, a P/E ratio of 12.04, a PEG ratio of 3.36 and a beta of 0.67. The stock has a 50-day simple moving average of $270.60 and a 200-day simple moving average of $279.59.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

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.