Global Retirement Partners LLC Purchases 835 Shares of Chubb Limited (NYSE:CB)

Global Retirement Partners LLC increased its position in Chubb Limited (NYSE:CB) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,358 shares of the financial services provider’s stock after acquiring an additional 835 shares during the quarter. Global Retirement Partners LLC’s holdings in Chubb were worth $2,033,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of CB. Ironwood Investment Counsel LLC increased its holdings in shares of Chubb by 2.1% during the 3rd quarter. Ironwood Investment Counsel LLC now owns 1,721 shares of the financial services provider’s stock worth $496,000 after purchasing an additional 35 shares during the period. Continuum Advisory LLC increased its holdings 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 period. First Financial Bank Trust Division increased its holdings in shares of Chubb by 3.7% during the 4th quarter. First Financial Bank Trust Division now owns 1,026 shares of the financial services provider’s stock worth $283,000 after purchasing an additional 37 shares during the period. Rede Wealth LLC increased its holdings in shares of Chubb by 2.0% during the 4th quarter. Rede Wealth LLC now owns 1,900 shares of the financial services provider’s stock worth $525,000 after purchasing an additional 37 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. increased its holdings in shares of Chubb by 1.1% during the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 3,706 shares of the financial services provider’s stock worth $1,069,000 after purchasing an additional 40 shares during the period. Institutional investors own 83.81% of the company’s stock.

Analysts Set New Price Targets

CB has been the topic of several recent research reports. Evercore ISI lifted 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. Keefe, Bruyette & Woods lifted their target price on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a research report on Friday, January 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Wells Fargo & Company decreased their target price on shares of Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Chubb presently has an average rating of “Hold” and a consensus price target of $295.73.

Chubb Price Performance

NYSE:CB opened at $267.69 on Friday. The firm has a market cap of $107.90 billion, a PE ratio of 11.78, a price-to-earnings-growth ratio of 3.35 and a beta of 0.67. 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 50-day moving average price is $270.77 and its two-hundred day moving average price is $279.37.

Chubb (NYSE:CB) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share (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%. On average, equities analysts anticipate that Chubb Limited will post 21.52 EPS for the current fiscal year.

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.