Financial Strategies Group Inc. Has $6.26 Million Stake in Chubb Limited (NYSE:CB)

Financial Strategies Group Inc. raised its stake in shares of Chubb Limited (NYSE:CB) by 4.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 24,282 shares of the financial services provider’s stock after purchasing an additional 1,099 shares during the period. Chubb makes up approximately 1.5% of Financial Strategies Group Inc.’s portfolio, making the stock its 22nd biggest holding. Financial Strategies Group Inc.’s holdings in Chubb were worth $6,258,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Continuum Advisory LLC boosted its stake in Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Kozak & Associates Inc. acquired a new position in Chubb during the 3rd quarter valued at about $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb during the 3rd quarter valued at about $29,000. Raelipskie Partnership acquired a new position in Chubb during the 3rd quarter valued at about $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb during the 3rd quarter worth approximately $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Ratings Changes

CB has been the topic of several recent analyst reports. Wells Fargo & Company dropped their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Bank of America lifted their target price 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. Evercore ISI lifted their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. lifted their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, Chubb presently has an average rating of “Hold” and an average price target of $290.12.

Chubb Price Performance

CB opened at $272.01 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25. The stock has a market capitalization of $109.65 billion, a PE ratio of 11.97, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. The stock’s 50 day moving average price is $275.16 and its 200-day moving average price is $279.45. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, equities research analysts predict that Chubb Limited will post 21.91 EPS 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 given a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.34%. Chubb’s dividend payout ratio is currently 16.02%.

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.