Smith Chas P & Associates PA Cpas Buys 1,471 Shares of Chubb Limited (NYSE:CB)

Smith Chas P & Associates PA Cpas boosted its stake in Chubb Limited (NYSE:CB) by 0.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 157,205 shares of the financial services provider’s stock after purchasing an additional 1,471 shares during the quarter. Chubb comprises about 2.5% of Smith Chas P & Associates PA Cpas’ investment portfolio, making the stock its 14th largest holding. Smith Chas P & Associates PA Cpas’ holdings in Chubb were worth $43,436,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Continuum Advisory LLC grew its stake in Chubb by 56.5% in the third 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 period. Kozak & Associates Inc. bought a new stake in Chubb during the 3rd quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in Chubb during the 3rd quarter worth approximately $29,000. Raelipskie Partnership bought a new position in Chubb in the third quarter valued at approximately $29,000. Finally, Truvestments Capital LLC acquired a new position in shares of Chubb in the third quarter valued at approximately $30,000. Institutional investors and hedge funds own 83.81% of the company’s stock.

Chubb Trading Up 0.1 %

CB stock opened at $266.71 on Friday. The company has a fifty day moving average price of $276.24 and a two-hundred day moving average price of $278.65. 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 cap of $107.51 billion, a price-to-earnings ratio of 10.92, a price-to-earnings-growth 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.

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

Chubb Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 13th were issued a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 annualized dividend and a dividend yield of 1.36%. Chubb’s dividend payout ratio is presently 14.91%.

Analyst Upgrades and Downgrades

CB has been the topic of a number of research analyst reports. 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. Piper Sandler boosted their price target on Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods increased their price objective on Chubb from $320.00 to $328.00 and gave the stock an “outperform” rating in a report on Friday, January 10th. JMP Securities boosted their target price 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, Jefferies Financial Group lifted their price objective on shares of Chubb from $294.00 to $295.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.