Bruce G. Allen Investments LLC Boosts Position in Chubb Limited (NYSE:CB)

Bruce G. Allen Investments LLC increased its holdings in Chubb Limited (NYSE:CB) by 24.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 713 shares of the financial services provider’s stock after acquiring an additional 142 shares during the period. Bruce G. Allen Investments LLC’s holdings in Chubb were worth $197,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its position in Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after acquiring an additional 1,052,999 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of Chubb by 1.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock worth $1,258,202,000 after buying an additional 63,891 shares during the last quarter. Legal & General Group Plc increased its position in shares of Chubb by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock valued at $938,663,000 after purchasing an additional 104,986 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Chubb by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider’s stock worth $586,207,000 after acquiring an additional 160,335 shares during the period. Finally, Barclays PLC grew its position in shares of 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 acquiring an additional 388,746 shares during the period. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of Chubb stock traded down $8.79 during trading on Friday, hitting $257.86. 3,531,433 shares of the company’s stock were exchanged, compared to its average volume of 2,061,318. Chubb Limited has a 52-week low of $224.74 and a 52-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 0.28. The stock has a market capitalization of $103.94 billion, a price-to-earnings ratio of 10.56, a PEG ratio of 6.43 and a beta of 0.67. The business has a 50-day simple moving average of $279.37 and a 200-day simple moving average of $277.92.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. During the same period last year, the business earned $4.95 earnings per share. Chubb’s quarterly revenue was up 5.5% on a year-over-year basis. On average, research analysts forecast that Chubb Limited will post 21.82 EPS for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.41%. Chubb’s payout ratio is 14.91%.

Analysts Set New Price Targets

CB has been the topic of a number of recent research reports. Morgan Stanley raised their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Bank of America upped their target price on shares of Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Barclays cut their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research report on Monday. Evercore ISI boosted their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, JMP Securities lifted their price objective on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $286.58.

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.