Chubb Limited (NYSE:CB) Shares Acquired by Rosenberg Matthew Hamilton

Rosenberg Matthew Hamilton grew its holdings in Chubb Limited (NYSE:CB) by 91.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 320 shares of the financial services provider’s stock after purchasing an additional 153 shares during the quarter. Rosenberg Matthew Hamilton’s holdings in Chubb were worth $88,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. FMR LLC boosted its position in Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock valued at $4,492,103,000 after buying an additional 1,052,999 shares during the period. Ameriprise Financial Inc. raised its stake 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 acquiring an additional 63,891 shares in the last quarter. Legal & General Group Plc boosted its holdings in Chubb by 2.9% in the second quarter. Legal & General Group Plc now owns 3,679,874 shares of the financial services provider’s stock valued at $938,663,000 after purchasing an additional 104,986 shares during the period. Barclays PLC grew its stake in Chubb by 28.1% during the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after purchasing an additional 388,746 shares in the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its stake in Chubb by 49.7% during the 3rd quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after purchasing an additional 389,343 shares in the last quarter. Institutional investors and hedge funds own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

CB has been the subject of several recent research reports. Evercore ISI lifted their price objective on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Barclays decreased their price target 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. JPMorgan Chase & Co. increased their price objective on shares of Chubb from $294.00 to $296.00 and gave the company a “neutral” rating in a research report on Friday, January 3rd. Morgan Stanley raised their price objective on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company lowered their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Chubb presently has an average rating of “Hold” and an average target price of $288.17.

Chubb Trading Up 1.4 %

NYSE:CB opened at $265.54 on Wednesday. The company has a market capitalization of $107.04 billion, a PE ratio of 10.87, a P/E/G ratio of 6.43 and a beta of 0.67. Chubb Limited has a 52-week low of $226.06 and a 52-week high of $302.05. The stock’s 50 day moving average price is $278.46 and its 200 day moving average price is $278.16. 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 (EPS) for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period last year, the firm posted $4.95 earnings per share. On average, research analysts anticipate that Chubb Limited will post 21.82 EPS for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued 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 1.37%. Chubb’s payout ratio is 14.91%.

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.