Chubb Limited (NYSE:CB) Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC boosted its position in shares of Chubb Limited (NYSE:CB) by 22.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 8,667 shares of the financial services provider’s stock after buying an additional 1,563 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Chubb were worth $2,395,000 at the end of the most recent quarter.

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

Chubb Price Performance

Shares of CB stock opened at $265.54 on Wednesday. The firm has a fifty day moving average of $278.46 and a 200-day moving average of $278.16. 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 firm has a market capitalization of $107.04 billion, a price-to-earnings ratio of 10.87, a price-to-earnings-growth ratio of 6.43 and a beta of 0.67. Chubb Limited has a 12-month low of $226.06 and a 12-month high of $302.05.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The business had revenue of $13.83 billion for the quarter, compared to analyst estimates of $14.16 billion. During the same quarter last year, the firm earned $4.95 EPS. Chubb’s revenue for the quarter was up 5.5% compared to the same quarter last year. On average, equities research analysts forecast that Chubb Limited will post 21.82 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio is 14.91%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CB shares. Morgan Stanley lifted their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Keefe, Bruyette & Woods increased their price target on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research note on Friday, January 10th. Piper Sandler upped their price target on shares of Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. JPMorgan Chase & Co. raised their price objective on Chubb from $294.00 to $296.00 and gave the stock a “neutral” rating in a report on Friday, January 3rd. Finally, JMP Securities upped their price target on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Chubb presently has an average rating of “Hold” and a consensus target price of $288.17.

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.