First Horizon Advisors Inc. Boosts Stock Holdings in Chubb Limited (NYSE:CB)

First Horizon Advisors Inc. boosted its stake in Chubb Limited (NYSE:CB) by 0.3% during the 4th quarter, Holdings Channel reports. The firm owned 41,905 shares of the financial services provider’s stock after buying an additional 116 shares during the quarter. First Horizon Advisors Inc.’s holdings in Chubb were worth $11,579,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Continuum Advisory LLC raised its stake in Chubb by 56.5% during the third 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 in the last quarter. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb in the 3rd quarter worth about $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb during the 3rd quarter valued at about $29,000. Sierra Ocean LLC purchased a new stake in shares of Chubb during the 4th quarter valued at about $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb in the 3rd quarter valued at about $30,000. Institutional investors own 83.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on CB shares. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their target price on Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research report on Thursday, January 30th. Barclays cut their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, Evercore ISI raised their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” 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 assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $295.73.

Chubb Stock Performance

Chubb stock opened at $267.19 on Friday. 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 company has a market capitalization of $107.70 billion, a PE ratio of 11.76, a P/E/G ratio of 3.36 and a beta of 0.67. The company has a 50 day moving average price of $270.59 and a 200-day moving average price of $279.46. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last issued its earnings results 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 return on equity of 13.75% and a net margin of 16.63%. As a group, equities analysts forecast that Chubb Limited will post 21.52 earnings per share for the current year.

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.