Thompson Investment Management Inc. Makes New $91,000 Investment in Chubb Limited (NYSE:CB)

Thompson Investment Management Inc. acquired a new stake in shares of Chubb Limited (NYSE:CB) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 330 shares of the financial services provider’s stock, valued at approximately $91,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC grew its holdings in Chubb by 57.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 356,602 shares of the financial services provider’s stock worth $102,840,000 after acquiring an additional 130,629 shares during the last quarter. Czech National Bank grew its stake in shares of Chubb by 6.2% in the fourth quarter. Czech National Bank now owns 81,282 shares of the financial services provider’s stock worth $22,458,000 after purchasing an additional 4,757 shares during the last quarter. Barclays PLC increased its holdings in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock valued at $511,226,000 after purchasing an additional 388,746 shares during the period. Moloney Securities Asset Management LLC raised its position in Chubb by 97.9% during the 3rd quarter. Moloney Securities Asset Management LLC now owns 3,851 shares of the financial services provider’s stock valued at $1,111,000 after purchasing an additional 1,905 shares during the last quarter. Finally, Savvy Advisors Inc. bought a new position in Chubb during the 3rd quarter valued at approximately $721,000. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE:CB opened at $270.14 on Monday. The business has a fifty day moving average price of $273.52 and a 200-day moving average price of $279.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The company has a market capitalization of $108.89 billion, a PE ratio of 11.89, a PEG ratio of 3.41 and a beta of 0.67. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. As a group, equities analysts expect that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Announces Dividend

The firm 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 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 16.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Evercore ISI boosted their target price on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. JMP Securities restated a “market outperform” rating and issued a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Wells Fargo & Company dropped 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 report on Tuesday, January 14th. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Finally, Morgan Stanley raised their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.