Chubb Limited (NYSE:CB) Stock Position Raised by Bruce G. Allen Investments LLC

Bruce G. Allen Investments LLC increased its position in Chubb Limited (NYSE:CB) by 24.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 713 shares of the financial services provider’s stock after acquiring an additional 142 shares during the period. Bruce G. Allen Investments LLC’s holdings in Chubb were worth $197,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Strategic Financial Concepts LLC acquired a new stake in Chubb during the 2nd quarter worth about $28,000. Continuum Advisory LLC increased its holdings in shares of Chubb by 56.5% during the 3rd quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 35 shares during the last quarter. Kozak & Associates Inc. bought a new position in shares of Chubb in the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in Chubb during the third quarter valued at about $29,000. Finally, Raelipskie Partnership acquired a new stake in Chubb in the 3rd quarter valued at approximately $29,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Performance

Shares of NYSE:CB traded down $8.79 during midday trading on Friday, reaching $257.86. The company had a trading volume of 3,531,433 shares, compared to its average volume of 2,061,318. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. The stock has a market cap of $103.94 billion, a P/E ratio of 10.56, a P/E/G ratio of 6.43 and a beta of 0.67. Chubb Limited has a 52-week low of $224.74 and a 52-week high of $302.05. The company’s 50 day moving average price is $279.37 and its 200 day moving average price is $277.92.

Chubb (NYSE:CB) last announced its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a return on equity of 15.46% and a net margin of 18.32%. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter last year, the firm posted $4.95 EPS. As a group, sell-side analysts anticipate that Chubb Limited will post 21.82 EPS for the current fiscal year.

Chubb Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a $0.91 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.41%. Chubb’s payout ratio is currently 14.91%.

Analyst Ratings Changes

Several analysts have recently commented on CB shares. Jefferies Financial Group increased 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. Barclays cut their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday. Piper Sandler raised their price target on Chubb from $281.00 to $305.00 and gave the stock an “overweight” rating in a research report on Friday, October 4th. JMP Securities lifted their price target on Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley lifted their price target 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. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $286.58.

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.