1,206 Shares in Chubb Limited (NYSE:CB) Purchased by Discipline Wealth Solutions LLC

Discipline Wealth Solutions LLC acquired a new position in Chubb Limited (NYSE:CB) during the 3rd quarter, HoldingsChannel reports. The fund acquired 1,206 shares of the financial services provider’s stock, valued at approximately $348,000.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC raised its holdings in Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after purchasing an additional 1,052,999 shares during the period. Ameriprise Financial Inc. raised its position in shares of Chubb by 1.3% in the second quarter. Ameriprise Financial Inc. now owns 4,933,389 shares of the financial services provider’s stock valued at $1,258,202,000 after buying an additional 63,891 shares during the last quarter. Legal & General Group Plc boosted its holdings in shares of Chubb by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock worth $938,663,000 after purchasing an additional 104,986 shares during the last quarter. Raymond James & Associates boosted its stake in Chubb by 2.9% during the second quarter. Raymond James & Associates now owns 3,051,081 shares of the financial services provider’s stock worth $778,270,000 after buying an additional 87,059 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Chubb by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,297,706 shares of the financial services provider’s stock valued at $586,207,000 after acquiring an additional 160,335 shares during the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Trading Down 1.0 %

Shares of NYSE:CB opened at $274.58 on Wednesday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company’s 50-day moving average price is $286.66 and its 200 day moving average price is $276.58. The company has a market cap of $110.68 billion, a PE ratio of 11.24, a P/E/G ratio of 6.59 and a beta of 0.67. Chubb Limited has a fifty-two week low of $216.90 and a fifty-two week high of $302.05.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. 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 previous year, the firm posted $4.95 earnings per share. The business’s revenue was up 5.5% on a year-over-year basis. Sell-side analysts anticipate that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 13th will be issued a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Friday, December 13th. Chubb’s dividend payout ratio (DPR) is 14.91%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. JMP Securities upped their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research note on Wednesday, October 30th. Evercore ISI increased their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. JPMorgan Chase & Co. increased their price objective on Chubb from $291.00 to $294.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Morgan Stanley increased their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company boosted their target price on shares of Chubb from $266.00 to $268.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 5th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $287.37.

Chubb Company 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.