Chubb Limited (NYSE:CB) Stake Lifted by Abacus Planning Group Inc.

Abacus Planning Group Inc. lifted its holdings in Chubb Limited (NYSE:CB) by 11.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,408 shares of the financial services provider’s stock after purchasing an additional 142 shares during the quarter. Abacus Planning Group Inc.’s holdings in Chubb were worth $389,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Continuum Advisory LLC grew its stake in shares of Chubb by 56.5% in the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd bought a new position in shares of Chubb in the third quarter worth $29,000. Raelipskie Partnership bought a new position in shares of Chubb in the third quarter worth $29,000. Sierra Ocean LLC bought a new position in shares of Chubb in the fourth quarter worth $29,000. Finally, Truvestments Capital LLC bought a new position in shares of Chubb in the third quarter worth $30,000. Institutional investors own 83.81% of the company’s stock.

Chubb Stock Down 0.1 %

Shares of Chubb stock opened at $266.37 on Thursday. The stock has a 50-day moving average price of $270.92 and a 200 day moving average price of $279.45. The company has a market cap of $107.37 billion, a P/E ratio of 11.72, a P/E/G ratio of 3.32 and a beta of 0.67. The company has a current ratio of 0.25, a quick ratio of 0.28 and a debt-to-equity ratio of 0.21. Chubb Limited has a 1 year low of $238.85 and a 1 year high of $302.05.

Chubb (NYSE:CB) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, topping 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%. As a group, analysts expect that Chubb Limited will post 21.52 EPS for the current fiscal year.

Analyst Ratings Changes

CB has been the subject of several recent analyst reports. Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Wells Fargo & Company cut their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. Barclays cut their price objective 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. upped their price objective on Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Chubb in a report on Thursday, January 30th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price 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.