Providence First Trust Co Buys Shares of 4,895 Chubb Limited (NYSE:CB)

Providence First Trust Co purchased a new stake in Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,895 shares of the financial services provider’s stock, valued at approximately $1,352,000.

Several other large investors have also modified their holdings of the business. Continuum Advisory LLC boosted its stake in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb in the 3rd quarter valued at about $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb during the 3rd quarter worth about $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb during the fourth quarter worth about $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb in the third quarter valued at approximately $30,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Up 1.3 %

CB opened at $285.34 on Friday. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05. The firm has a 50 day moving average price of $271.02 and a 200 day moving average price of $279.73. 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 cap of $115.02 billion, a PE ratio of 12.56, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) 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%. Sell-side analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Friday, March 14th. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CB. Wells Fargo & Company decreased their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Barclays reduced their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. JMP Securities reaffirmed a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a research report on Wednesday, January 29th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Finally, Keefe, Bruyette & Woods raised their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research note on Friday, January 31st. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Chubb has an average rating of “Hold” and a consensus target price of $295.73.

Chubb Company 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.