Amplius Wealth Advisors LLC Acquires 5,640 Shares of Chubb Limited (NYSE:CB)

Amplius Wealth Advisors LLC grew its stake in shares of Chubb Limited (NYSE:CB) by 9.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,669 shares of the financial services provider’s stock after purchasing an additional 5,640 shares during the quarter. Chubb makes up approximately 1.9% of Amplius Wealth Advisors LLC’s investment portfolio, making the stock its 17th largest position. Amplius Wealth Advisors LLC’s holdings in Chubb were worth $18,144,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in CB. Continuum Advisory LLC grew its stake in Chubb by 56.5% in the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after acquiring an additional 35 shares in the last quarter. Kozak & Associates Inc. purchased a new stake in shares of Chubb in the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new position in Chubb in the third quarter worth approximately $29,000. Raelipskie Partnership purchased a new position in Chubb during the 3rd quarter worth $29,000. Finally, Truvestments Capital LLC bought a new stake in Chubb during the 3rd quarter valued at $30,000. 83.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

CB has been the topic of a number of recent research reports. JMP Securities increased their price target on Chubb from $300.00 to $325.00 and gave the stock a “market 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 report on Monday, January 6th. Wells Fargo & Company lowered 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 report on Tuesday, January 14th. Evercore ISI lifted their price objective on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group upped their target price on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $288.17.

Chubb Trading Down 1.5 %

NYSE CB opened at $269.38 on Tuesday. The stock has a market cap of $108.59 billion, a P/E ratio of 11.03, a P/E/G ratio of 5.65 and a beta of 0.67. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 12-month low of $226.74 and a 12-month high of $302.05. The company has a fifty day simple moving average of $277.89 and a two-hundred day simple moving average of $278.49.

Chubb (NYSE:CB) last issued its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analysts’ expectations of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s revenue was up 5.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $4.95 EPS. On average, analysts forecast that Chubb Limited will post 21.93 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 issued a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.35%. Chubb’s dividend payout ratio (DPR) is presently 14.91%.

About Chubb

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.