Longboard Asset Management LP Purchases Shares of 794 Chubb Limited (NYSE:CB)

Longboard Asset Management LP 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 794 shares of the financial services provider’s stock, valued at approximately $219,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Continuum Advisory LLC increased its stake 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 worth $28,000 after purchasing an additional 35 shares during the last quarter. Kozak & Associates Inc. acquired a new stake in Chubb during the third quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd bought a new stake in shares of Chubb during the third quarter worth approximately $29,000. Raelipskie Partnership bought a new stake in Chubb in the 3rd quarter valued at $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb in the third quarter valued at about $30,000. Institutional investors own 83.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. Bank of America lifted their price objective on Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a report on Thursday, October 10th. Evercore ISI boosted their target price on shares of Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group upped their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. Finally, Barclays decreased their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $290.12.

Chubb Price Performance

CB stock opened at $274.31 on Tuesday. Chubb Limited has a 12-month low of $238.85 and a 12-month high of $302.05. The company has a quick ratio of 0.28, a current ratio of 0.25 and a debt-to-equity ratio of 0.21. The company’s fifty day simple moving average is $275.16 and its 200 day simple moving average is $279.45. The firm has a market cap of $110.57 billion, a price-to-earnings ratio of 12.07, a PEG ratio of 3.35 and a beta of 0.67.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a return on equity of 13.75% and a net margin of 16.63%. On average, analysts expect that Chubb Limited will post 21.91 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were paid a dividend of $0.91 per share. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.33%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

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.