Firethorn Wealth Partners LLC Buys 58 Shares of Chubb Limited (NYSE:CB)

Firethorn Wealth Partners LLC increased its holdings in shares of Chubb Limited (NYSE:CB) by 4.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,401 shares of the financial services provider’s stock after purchasing an additional 58 shares during the quarter. Firethorn Wealth Partners LLC’s holdings in Chubb were worth $387,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Continuum Advisory LLC raised its stake in shares of Chubb by 56.5% during the third 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. acquired a new position in Chubb during the third quarter valued at approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb during the third quarter valued at approximately $29,000. Raelipskie Partnership acquired a new position in Chubb during the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in Chubb during the third quarter valued at approximately $30,000. 83.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

CB has been the subject of a number of analyst reports. Piper Sandler boosted their price objective on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Barclays decreased their price objective on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. Wells Fargo & Company reduced their price target on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price objective on shares of Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. Finally, Evercore ISI raised their price objective on shares of Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Two 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. According to data from MarketBeat, Chubb currently has a consensus rating of “Hold” and an average price target of $288.17.

Chubb Stock Performance

Shares of CB opened at $266.71 on Friday. The firm has a 50-day moving average of $276.67 and a 200-day moving average of $278.56. Chubb Limited has a one year low of $238.85 and a one year high of $302.05. The company has a market cap of $107.51 billion, a PE ratio of 10.92, a price-to-earnings-growth ratio of 7.23 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 data on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, beating analysts’ consensus estimates of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s quarterly revenue 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, equities analysts forecast that Chubb Limited will post 21.95 earnings per share for the current year.

Chubb Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 13th were issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, December 13th. Chubb’s payout ratio is 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.