Schear Investment Advisers LLC Grows Stake in Chubb Limited (NYSE:CB)

Schear Investment Advisers LLC boosted its stake in shares of Chubb Limited (NYSE:CB) by 2.7% during the 4th quarter, HoldingsChannel reports. The fund owned 7,002 shares of the financial services provider’s stock after purchasing an additional 186 shares during the period. Chubb accounts for about 1.0% of Schear Investment Advisers LLC’s holdings, making the stock its 26th largest position. Schear Investment Advisers LLC’s holdings in Chubb were worth $1,935,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Continuum Advisory LLC increased its position in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Kozak & Associates Inc. purchased a new position in Chubb during the third quarter worth $29,000. Gordian Capital Singapore Pte Ltd bought a new position in Chubb during the third quarter valued at $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb in the third quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb in the third quarter valued at $30,000. 83.81% of the stock is currently owned by hedge funds and other institutional investors.

Chubb Stock Performance

Shares of Chubb stock opened at $267.95 on Wednesday. The company has a market capitalization of $108.01 billion, a PE ratio of 11.79, a P/E/G ratio of 3.41 and a beta of 0.67. The company has a 50-day simple moving average of $273.04 and a two-hundred day simple moving average of $279.84. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS 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%. Research analysts expect that Chubb Limited will post 21.66 EPS for the current fiscal year.

Chubb Announces Dividend

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on CB. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Chubb in a report on Thursday, January 30th. JPMorgan Chase & Co. boosted their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Wells Fargo & Company cut their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. JMP Securities reiterated a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research report on Wednesday, January 29th. Finally, Morgan Stanley upped 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. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb has a consensus rating of “Hold” and a consensus target price of $295.73.

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.