Chubb Limited (NYSE:CB) Stock Position Increased by Certuity LLC

Certuity LLC boosted its position in Chubb Limited (NYSE:CB) by 3.2% during the 4th quarter, HoldingsChannel reports. The firm owned 4,491 shares of the financial services provider’s stock after buying an additional 138 shares during the quarter. Certuity LLC’s holdings in Chubb were worth $1,241,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of CB. Continuum Advisory LLC increased its stake in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the period. Kozak & Associates Inc. acquired a new position in shares of Chubb during the 3rd quarter valued at $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of Chubb during the 3rd quarter valued at $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb in the third quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new position in Chubb during the third quarter valued at about $30,000. 83.81% of the stock is currently owned by institutional investors.

Chubb Price Performance

NYSE CB opened at $267.95 on Wednesday. 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 capitalization of $108.01 billion, a price-to-earnings ratio of 11.79, a price-to-earnings-growth ratio of 3.41 and a beta of 0.67. The company has a 50 day simple moving average of $273.04 and a 200-day simple moving average of $279.84. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05.

Chubb (NYSE:CB) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping the consensus estimate 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 predict that Chubb Limited will post 21.66 earnings per share for the current fiscal year.

Chubb Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Friday, December 13th. Chubb’s dividend payout ratio is currently 16.02%.

Analyst Upgrades and Downgrades

Several brokerages have commented on CB. Evercore ISI boosted their price target on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Barclays dropped their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Chubb in a research note on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. Finally, Morgan Stanley increased their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $295.73.

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.