Mediolanum International Funds Ltd Increases Position in Chubb Limited (NYSE:CB)

Mediolanum International Funds Ltd grew its position in Chubb Limited (NYSE:CB) by 31.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,757 shares of the financial services provider’s stock after buying an additional 15,702 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Chubb were worth $18,066,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CB. Crews Bank & Trust acquired a new stake in shares of Chubb during the fourth quarter worth about $86,000. Capital Investment Advisory Services LLC grew its stake in Chubb by 7.7% during the 4th quarter. Capital Investment Advisory Services LLC now owns 990 shares of the financial services provider’s stock worth $274,000 after purchasing an additional 71 shares in the last quarter. Gries Financial LLC increased its holdings in Chubb by 36.1% during the 4th quarter. Gries Financial LLC now owns 1,526 shares of the financial services provider’s stock worth $422,000 after purchasing an additional 405 shares during the period. Hanson & Doremus Investment Management raised its position in Chubb by 5.1% in the 4th quarter. Hanson & Doremus Investment Management now owns 13,562 shares of the financial services provider’s stock valued at $3,747,000 after purchasing an additional 662 shares in the last quarter. Finally, Swedbank AB boosted its stake in shares of Chubb by 2.6% in the 4th quarter. Swedbank AB now owns 266,074 shares of the financial services provider’s stock valued at $73,516,000 after buying an additional 6,786 shares during the period. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Stock Down 0.4 %

Shares of NYSE:CB opened at $274.76 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market cap of $110.76 billion, a P/E ratio of 11.25, a P/E/G ratio of 7.23 and a beta of 0.67. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05. The firm has a fifty day moving average price of $275.63 and a 200 day moving average price of $279.20.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a return on equity of 15.46% and a net margin of 18.32%. Sell-side analysts predict that Chubb Limited will post 21.95 EPS for the current year.

Chubb Dividend Announcement

The business 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. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is currently 14.91%.

Analysts Set New Price Targets

A number of research firms recently weighed in on CB. JMP Securities restated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $320.00 to $328.00 and gave the company an “outperform” rating in a report on Friday, January 10th. Barclays lowered their target price 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. Bank of America raised their price target on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. Finally, JPMorgan Chase & Co. upped their price objective on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $289.78.

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.