Impact Partnership Wealth LLC Purchases New Holdings in Chubb Limited (NYSE:CB)

Impact Partnership Wealth LLC purchased a new position in shares of Chubb Limited (NYSE:CB) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 2,255 shares of the financial services provider’s stock, valued at approximately $623,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RFG Advisory LLC lifted its stake in Chubb by 111.4% in the fourth quarter. RFG Advisory LLC now owns 2,442 shares of the financial services provider’s stock valued at $675,000 after acquiring an additional 1,287 shares during the last quarter. MFA Wealth Services bought a new position in shares of Chubb during the fourth quarter worth approximately $461,000. Cornerstone Wealth Management LLC lifted its holdings in Chubb by 4.6% during the 4th quarter. Cornerstone Wealth Management LLC now owns 4,188 shares of the financial services provider’s stock worth $1,157,000 after purchasing an additional 184 shares during the last quarter. Brighton Jones LLC boosted its stake in Chubb by 12.8% in the 4th quarter. Brighton Jones LLC now owns 1,945 shares of the financial services provider’s stock valued at $537,000 after purchasing an additional 221 shares during the period. Finally, Trust Co. of Oklahoma boosted its stake in Chubb by 2.1% in the 4th quarter. Trust Co. of Oklahoma now owns 5,654 shares of the financial services provider’s stock valued at $1,562,000 after purchasing an additional 119 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. JMP Securities lifted their target price on Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on shares of Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. Piper Sandler increased their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research note on Friday, October 4th. Evercore ISI boosted their target price on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Morgan Stanley upped their price target on shares of Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $288.17.

Chubb Stock Down 0.8 %

Shares of NYSE CB opened at $266.21 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28. The stock has a market capitalization of $107.31 billion, a PE ratio of 10.90, a P/E/G ratio of 7.23 and a beta of 0.67. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The business’s fifty day moving average price is $277.08 and its 200-day moving average price is $278.64.

Chubb (NYSE:CB) last released its quarterly earnings data on Tuesday, October 29th. The financial services provider reported $5.72 earnings per share for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The business had revenue of $13.83 billion during the quarter, compared to analyst estimates of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. Chubb’s revenue was up 5.5% compared to the same quarter last year. During the same period in the previous year, the business earned $4.95 EPS. On average, equities research analysts anticipate that Chubb Limited will post 21.95 EPS for the current year.

Chubb Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

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.