Wingate Wealth Advisors Inc. Takes $90,000 Position in Chubb Limited (NYSE:CB)

Wingate Wealth Advisors Inc. bought a new stake in Chubb Limited (NYSE:CB) during the 4th quarter, HoldingsChannel reports. The fund bought 325 shares of the financial services provider’s stock, valued at approximately $90,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Angeles Wealth Management LLC boosted its holdings in shares of Chubb by 33.6% in the fourth quarter. Angeles Wealth Management LLC now owns 1,649 shares of the financial services provider’s stock valued at $456,000 after acquiring an additional 415 shares in the last quarter. Stiles Financial Services Inc boosted its holdings in Chubb by 20.6% during the fourth quarter. Stiles Financial Services Inc now owns 3,165 shares of the financial services provider’s stock worth $875,000 after buying an additional 541 shares in the last quarter. Washburn Capital Management Inc. purchased a new stake in Chubb during the fourth quarter worth about $583,000. Kestra Private Wealth Services LLC boosted its holdings in Chubb by 5.2% during the fourth quarter. Kestra Private Wealth Services LLC now owns 32,091 shares of the financial services provider’s stock worth $8,867,000 after buying an additional 1,587 shares in the last quarter. Finally, Stephens Inc. AR boosted its holdings in Chubb by 44.9% during the fourth quarter. Stephens Inc. AR now owns 14,310 shares of the financial services provider’s stock worth $3,954,000 after buying an additional 4,434 shares in the last quarter. Hedge funds and other institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

NYSE:CB opened at $266.32 on Tuesday. The firm has a 50 day simple moving average of $273.52 and a 200-day simple moving average of $279.80. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.25 and a quick ratio of 0.28. The firm has a market cap of $107.36 billion, a PE ratio of 11.72, a P/E/G ratio of 3.41 and a beta of 0.67. Chubb Limited has a 1-year low of $238.85 and a 1-year high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings data 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 net margin of 16.63% and a return on equity of 13.75%. On average, equities analysts expect that Chubb Limited will post 21.66 EPS for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is presently 16.02%.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. JPMorgan Chase & Co. boosted their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. JMP Securities reissued a “market outperform” rating and set a $325.00 price objective on shares of Chubb in a report on Wednesday, January 29th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Finally, Evercore ISI boosted their price objective 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 investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $295.73.

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.