Impax Asset Management Group plc Acquires 17,006 Shares of Chubb Limited (NYSE:CB)

Impax Asset Management Group plc increased its holdings in Chubb Limited (NYSE:CB) by 18.6% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 108,327 shares of the financial services provider’s stock after buying an additional 17,006 shares during the quarter. Impax Asset Management Group plc’s holdings in Chubb were worth $29,931,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of CB. Continuum Advisory LLC raised its holdings in shares of Chubb by 56.5% during the third quarter. Continuum Advisory LLC now owns 97 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 35 shares during the last quarter. Gordian Capital Singapore Pte Ltd purchased a new stake in Chubb during the 3rd quarter valued at $29,000. Raelipskie Partnership bought a new position in shares of Chubb during the 3rd quarter valued at $29,000. Sierra Ocean LLC purchased a new position in shares of Chubb in the 4th quarter worth $29,000. Finally, Truvestments Capital LLC bought a new stake in shares of Chubb in the third quarter worth $30,000. 83.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have commented on CB. JPMorgan Chase & Co. upped their target price on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a report on Wednesday, January 29th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 target price on shares of Chubb in a report on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and set a $325.00 price target on shares of Chubb in a report on Wednesday, January 29th. Evercore ISI raised their price objective on Chubb from $289.00 to $293.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Chubb from $328.00 to $329.00 and gave the stock an “outperform” rating in a report on Friday, January 31st. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $295.73.

Chubb Stock Down 0.1 %

CB opened at $267.19 on Monday. The firm has a 50-day simple moving average of $270.59 and a two-hundred day simple moving average of $279.55. Chubb Limited has a 52 week low of $238.85 and a 52 week high of $302.05. The company has a market capitalization of $107.70 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 3.36 and a beta of 0.67. 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 issued its quarterly 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%. Analysts forecast that Chubb Limited will post 21.52 earnings per share 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.