Cohen Investment Advisors LLC Has $3.23 Million Stock Position in Chubb Limited (NYSE:CB)

Cohen Investment Advisors LLC increased its stake in shares of Chubb Limited (NYSE:CB) by 11.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,677 shares of the financial services provider’s stock after acquiring an additional 1,222 shares during the period. Chubb comprises approximately 1.9% of Cohen Investment Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Cohen Investment Advisors LLC’s holdings in Chubb were worth $3,226,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of CB. Argent Trust Co increased its stake in shares of Chubb by 1.5% during the 2nd quarter. Argent Trust Co now owns 8,393 shares of the financial services provider’s stock worth $2,141,000 after purchasing an additional 125 shares during the last quarter. Blair William & Co. IL increased its position in Chubb by 53.1% during the second quarter. Blair William & Co. IL now owns 55,576 shares of the financial services provider’s stock worth $14,176,000 after buying an additional 19,268 shares during the last quarter. Paces Ferry Wealth Advisors LLC increased its position in Chubb by 3.3% during the second quarter. Paces Ferry Wealth Advisors LLC now owns 1,585 shares of the financial services provider’s stock worth $404,000 after buying an additional 50 shares during the last quarter. XTX Topco Ltd bought a new stake in Chubb in the second quarter valued at approximately $3,327,000. Finally, Intech Investment Management LLC boosted its stake in shares of Chubb by 16.8% during the 2nd quarter. Intech Investment Management LLC now owns 13,018 shares of the financial services provider’s stock worth $3,321,000 after acquiring an additional 1,876 shares during the period. 83.81% of the stock is owned by institutional investors and hedge funds.

Chubb Stock Up 1.9 %

CB stock opened at $273.49 on Friday. Chubb Limited has a 52 week low of $226.74 and a 52 week high of $302.05. The business has a 50-day simple moving average of $278.22 and a 200 day simple moving average of $278.09. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.21. The company has a market cap of $110.25 billion, a PE ratio of 11.20, a price-to-earnings-growth ratio of 5.65 and a beta of 0.67.

Chubb (NYSE:CB) last released its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating the consensus estimate of $4.98 by $0.74. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The firm had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same period last year, the firm earned $4.95 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. Sell-side analysts anticipate that Chubb Limited will post 21.93 EPS for the current fiscal year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is presently 14.91%.

Analysts Set New Price Targets

CB has been the topic of a number of research analyst reports. Piper Sandler increased their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Barclays cut their target price on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a research note on Monday, January 6th. Wells Fargo & Company decreased their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Morgan Stanley raised their price objective on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 30th. Finally, Bank of America boosted their price objective on Chubb from $275.00 to $282.00 and gave the stock an “underperform” rating in a report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $288.17.

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.