Chubb Limited (NYSE:CB) Shares Bought by Avestar Capital LLC

Avestar Capital LLC lifted its stake in shares of Chubb Limited (NYSE:CB) by 7.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,023 shares of the financial services provider’s stock after buying an additional 211 shares during the quarter. Avestar Capital LLC’s holdings in Chubb were worth $838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. FMR LLC grew its position in shares of Chubb by 7.3% in the 3rd quarter. FMR LLC now owns 15,576,485 shares of the financial services provider’s stock worth $4,492,103,000 after acquiring an additional 1,052,999 shares in the last quarter. International Assets Investment Management LLC increased its stake in Chubb by 28,885.3% during the third quarter. International Assets Investment Management LLC now owns 935,067 shares of the financial services provider’s stock valued at $2,696,640,000 after purchasing an additional 931,841 shares during the last quarter. Assenagon Asset Management S.A. increased its stake in Chubb by 4,559.3% during the third quarter. Assenagon Asset Management S.A. now owns 844,832 shares of the financial services provider’s stock valued at $243,641,000 after purchasing an additional 826,700 shares during the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in shares of Chubb by 49.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,172,267 shares of the financial services provider’s stock worth $338,070,000 after purchasing an additional 389,343 shares during the period. Finally, Barclays PLC lifted its position in shares of Chubb by 28.1% in the 3rd quarter. Barclays PLC now owns 1,772,688 shares of the financial services provider’s stock worth $511,226,000 after buying an additional 388,746 shares during the last quarter. Institutional investors own 83.81% of the company’s stock.

Chubb Price Performance

Shares of NYSE CB opened at $267.89 on Friday. The stock has a market cap of $107.98 billion, a P/E ratio of 11.79, a P/E/G ratio of 3.41 and a beta of 0.67. The firm’s 50-day simple moving average is $272.29 and its 200 day simple moving average is $279.72. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week 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.

Chubb (NYSE:CB) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $6.02 EPS for the quarter, topping analysts’ consensus estimates of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Equities analysts expect that Chubb Limited will post 21.66 EPS for the current year.

Chubb Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were given a $0.91 dividend. The ex-dividend date was Friday, December 13th. This represents a $3.64 dividend on an annualized basis and a yield of 1.36%. Chubb’s dividend payout ratio (DPR) is 16.02%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CB shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research report on Thursday, January 30th. Barclays lowered their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating for the company in a report on Monday, January 6th. JPMorgan Chase & Co. raised their price target on Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Morgan Stanley upped their price objective on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased their target price on Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a research report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $295.73.

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.