Allspring Global Investments Holdings LLC Increases Stock Position in Chubb Limited (NYSE:CB)

Allspring Global Investments Holdings LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 137.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 82,758 shares of the financial services provider’s stock after acquiring an additional 47,954 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Chubb were worth $22,579,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CB. Bleakley Financial Group LLC boosted its holdings in Chubb by 4.7% during the 3rd quarter. Bleakley Financial Group LLC now owns 8,819 shares of the financial services provider’s stock valued at $2,543,000 after acquiring an additional 397 shares during the period. Aaron Wealth Advisors LLC boosted its stake in shares of Chubb by 12.8% in the third quarter. Aaron Wealth Advisors LLC now owns 1,800 shares of the financial services provider’s stock valued at $519,000 after purchasing an additional 204 shares during the period. Stratos Wealth Advisors LLC acquired a new position in shares of Chubb in the third quarter valued at approximately $252,000. Net Worth Advisory Group purchased a new stake in Chubb during the 3rd quarter worth approximately $694,000. Finally, Moss Adams Wealth Advisors LLC acquired a new stake in Chubb during the 3rd quarter worth approximately $245,000. 83.81% of the stock is currently owned by institutional investors and hedge funds.

Chubb Stock Down 1.2 %

Chubb stock opened at $264.49 on Friday. The stock has a 50-day simple moving average of $271.54 and a 200-day simple moving average of $279.59. The company has a market capitalization of $106.62 billion, a P/E ratio of 11.64, a PEG ratio of 3.41 and a beta of 0.67. 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 Limited has a fifty-two week low of $238.85 and a fifty-two week 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 the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. Equities research analysts expect that Chubb Limited will post 21.66 earnings per share for the current year.

Chubb Dividend Announcement

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 1.38%. Chubb’s payout ratio is 16.02%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CB shares. JMP Securities restated a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods upped their price target on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Barclays cut their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research note on Monday, January 6th. Finally, Wells Fargo & Company decreased their price target 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, January 14th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, Chubb has an average 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.