Bright Rock Capital Management LLC Purchases 10,000 Shares of Chubb Limited (NYSE:CB)

Bright Rock Capital Management LLC increased its position in shares of Chubb Limited (NYSE:CB) by 28.6% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 45,000 shares of the financial services provider’s stock after purchasing an additional 10,000 shares during the quarter. Chubb accounts for 2.7% of Bright Rock Capital Management LLC’s investment portfolio, making the stock its 7th biggest holding. Bright Rock Capital Management LLC’s holdings in Chubb were worth $12,434,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Continuum Advisory LLC increased its stake in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Kozak & Associates Inc. acquired a new stake in Chubb during the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the third quarter worth $29,000. Raelipskie Partnership acquired a new position in shares of Chubb in the third quarter worth $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb in the third quarter worth $30,000. 83.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Evercore ISI lifted their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Morgan Stanley increased their price target on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. JMP Securities upped their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Bank of America boosted their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. increased their target price on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a research report on Friday, January 3rd. Two 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 given a strong buy rating to the stock. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and a consensus price target of $288.17.

Chubb Stock Up 1.4 %

NYSE CB opened at $265.54 on Wednesday. The stock has a market cap of $107.04 billion, a PE ratio of 10.87, a P/E/G ratio of 6.43 and a beta of 0.67. The business has a 50 day moving average price of $278.46 and a two-hundred day moving average price of $278.16. Chubb Limited has a fifty-two week low of $226.06 and a fifty-two week high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21.

Chubb (NYSE:CB) last announced its 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 net margin of 18.32% and a return on equity of 15.46%. The business had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. During the same period in the prior year, the firm earned $4.95 earnings per share. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, sell-side analysts predict that Chubb Limited will post 21.82 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. Chubb’s dividend payout ratio is presently 14.91%.

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.