Amplius Wealth Advisors LLC Grows Stock Position in Chubb Limited (NYSE:CB)

Amplius Wealth Advisors LLC lifted its stake in Chubb Limited (NYSE:CB) by 9.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 65,669 shares of the financial services provider’s stock after acquiring an additional 5,640 shares during the quarter. Chubb makes up approximately 1.9% of Amplius Wealth Advisors LLC’s investment portfolio, making the stock its 17th largest position. Amplius Wealth Advisors LLC’s holdings in Chubb were worth $18,144,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Continuum Advisory LLC raised its position in shares of 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 during the period. Kozak & Associates Inc. purchased a new position in shares of Chubb in the 3rd quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the 3rd quarter worth about $29,000. Raelipskie Partnership purchased a new position in Chubb during the third quarter worth approximately $29,000. Finally, Truvestments Capital LLC acquired a new stake in Chubb in the third quarter valued at approximately $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Trading Down 1.5 %

Shares of Chubb stock opened at $269.38 on Tuesday. The stock has a 50 day moving average of $277.89 and a 200 day moving average of $278.49. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market capitalization of $108.59 billion, a price-to-earnings ratio of 11.03, a PEG ratio of 5.65 and a beta of 0.67. Chubb Limited has a fifty-two week low of $226.74 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings results 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. The business had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue was up 5.5% compared to the same quarter last year. During the same period in the prior year, the business posted $4.95 EPS. As a group, research analysts predict that Chubb Limited will post 21.93 earnings per share for the current year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 14.91%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on CB shares. Barclays reduced 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. Bank of America upped their price objective on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a research report on Thursday, October 10th. Wells Fargo & Company cut their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. JMP Securities raised their price target on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley lifted 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. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $288.17.

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.