Exeter Financial LLC Increases Position in Chubb Limited (NYSE:CB)

Exeter Financial LLC lifted its holdings in shares of Chubb Limited (NYSE:CB) by 0.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,763 shares of the financial services provider’s stock after acquiring an additional 45 shares during the quarter. Exeter Financial LLC’s holdings in Chubb were worth $1,592,000 at the end of the most recent quarter.

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

Chubb Trading Up 1.6 %

Chubb stock opened at $261.74 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.28. Chubb Limited has a fifty-two week low of $226.06 and a fifty-two week high of $302.05. The stock has a market cap of $105.51 billion, a P/E ratio of 10.72, a PEG ratio of 6.43 and a beta of 0.67. The firm’s fifty day moving average price is $278.69 and its 200-day moving average price is $278.09.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The firm had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the company posted $4.95 EPS. Equities research analysts forecast that Chubb Limited will post 21.82 earnings per share for the current fiscal 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 issued a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Analysts Set New Price Targets

CB has been the topic of a number of research reports. JMP Securities lifted their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Piper Sandler boosted their target price on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Barclays cut their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. lifted their price objective on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, Jefferies Financial Group upped their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chubb presently has a consensus rating of “Hold” and a consensus price target of $288.39.

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.