Weil Company Inc. Increases Stock Position in Chubb Limited (NYSE:CB)

Weil Company Inc. lifted its position in shares of Chubb Limited (NYSE:CB) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 14,319 shares of the financial services provider’s stock after purchasing an additional 52 shares during the period. Chubb comprises 1.4% of Weil Company Inc.’s investment portfolio, making the stock its 21st largest position. Weil Company Inc.’s holdings in Chubb were worth $3,956,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Cutter & CO Brokerage Inc. increased its position in Chubb by 4.7% during the 4th quarter. Cutter & CO Brokerage Inc. now owns 1,660 shares of the financial services provider’s stock valued at $459,000 after purchasing an additional 75 shares during the period. Lake Street Advisors Group LLC boosted its position in Chubb by 3.7% during the 4th quarter. Lake Street Advisors Group LLC now owns 3,351 shares of the financial services provider’s stock valued at $929,000 after acquiring an additional 121 shares in the last quarter. Delta Financial Advisors LLC grew its holdings in shares of Chubb by 7.0% during the 4th quarter. Delta Financial Advisors LLC now owns 7,883 shares of the financial services provider’s stock worth $2,178,000 after acquiring an additional 513 shares during the period. Todd Asset Management LLC grew its holdings in shares of Chubb by 1.6% during the 4th quarter. Todd Asset Management LLC now owns 250,237 shares of the financial services provider’s stock worth $69,140,000 after acquiring an additional 3,934 shares during the period. Finally, FourThought Financial Partners LLC raised its position in shares of Chubb by 0.8% in the 4th quarter. FourThought Financial Partners LLC now owns 41,499 shares of the financial services provider’s stock worth $11,466,000 after acquiring an additional 347 shares in the last quarter. 83.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Chubb in a research note on Thursday, January 30th. 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 research note on Friday, January 31st. Morgan Stanley raised 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. Barclays dropped their price target on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Finally, JPMorgan Chase & Co. raised their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $295.73.

Chubb Stock Performance

Shares of NYSE CB opened at $277.72 on Wednesday. The firm’s 50-day moving average price is $270.56 and its 200-day moving average price is $279.64. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The company has a market cap of $111.95 billion, a PE ratio of 12.22, a PEG ratio of 3.36 and a beta of 0.67. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21.

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 13.75% and a net margin of 16.63%. As a group, analysts anticipate that Chubb Limited will post 21.52 EPS for the current year.

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.