Delta Financial Advisors LLC Buys 513 Shares of Chubb Limited (NYSE:CB)

Delta Financial Advisors LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 7.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,883 shares of the financial services provider’s stock after buying an additional 513 shares during the period. Delta Financial Advisors LLC’s holdings in Chubb were worth $2,178,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of CB. Arkadios Wealth Advisors increased its position in Chubb by 58.1% in the third quarter. Arkadios Wealth Advisors now owns 2,658 shares of the financial services provider’s stock worth $766,000 after purchasing an additional 977 shares during the last quarter. PFG Investments LLC increased its position in Chubb by 3.9% in the third quarter. PFG Investments LLC now owns 2,369 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 90 shares during the last quarter. Salomon & Ludwin LLC increased its position in Chubb by 25.6% in the third quarter. Salomon & Ludwin LLC now owns 270 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 55 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new stake in Chubb in the third quarter worth $222,000. Finally, Autumn Glory Partners LLC bought a new stake in Chubb in the third quarter worth $288,000. Institutional investors own 83.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Morgan Stanley lifted their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Barclays dropped their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Chubb has an average rating of “Hold” and an average price target of $295.73.

Chubb Stock Up 1.6 %

Shares of CB opened at $277.72 on Wednesday. The firm has a market capitalization of $111.95 billion, a P/E ratio of 12.22, a P/E/G ratio of 3.36 and a beta of 0.67. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $270.56 and a 200-day moving average price of $279.64.

Chubb (NYSE:CB) last released its quarterly earnings data 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 net margin of 16.63% and a return on equity of 13.75%. Equities research analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

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.