Brooklyn Investment Group Grows Stock Holdings in Chubb Limited (NYSE:CB)

Brooklyn Investment Group raised its stake in Chubb Limited (NYSE:CB) by 13.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,668 shares of the financial services provider’s stock after buying an additional 319 shares during the period. Brooklyn Investment Group’s holdings in Chubb were worth $737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in CB. Continuum Advisory LLC lifted its position in shares of 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 purchasing an additional 35 shares during the period. Kozak & Associates Inc. purchased a new stake in shares of Chubb in the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Chubb in the 3rd quarter worth approximately $29,000. Raelipskie Partnership purchased a new stake in shares of Chubb in the 3rd quarter worth approximately $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb in the 3rd quarter worth approximately $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Down 1.5 %

NYSE:CB opened at $269.38 on Friday. The company’s fifty day moving average price is $278.13 and its 200-day moving average price is $278.06. Chubb Limited has a 1-year low of $226.74 and a 1-year high of $302.05. The firm has a market capitalization of $108.59 billion, a P/E ratio of 11.03, a PEG ratio of 5.65 and a beta of 0.67. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last announced its quarterly earnings results on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $14.16 billion. During the same period in the prior year, the firm posted $4.95 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Chubb Limited will post 21.93 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 1.35%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 14.91%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the stock. Keefe, Bruyette & Woods upped their price target on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a research report on Friday, January 10th. Morgan Stanley increased their target price on shares of Chubb from $295.00 to $300.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 30th. Bank of America increased their target price on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research report on Thursday, October 10th. JMP Securities increased their target price on shares of Chubb from $300.00 to $325.00 and gave the company a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Wells Fargo & Company decreased their target price 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. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.