FourThought Financial Partners LLC Increases Stock Position in Chubb Limited (NYSE:CB)

FourThought Financial Partners LLC raised its stake in shares of Chubb Limited (NYSE:CB) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,499 shares of the financial services provider’s stock after purchasing an additional 347 shares during the period. Chubb accounts for 1.2% of FourThought Financial Partners LLC’s holdings, making the stock its 23rd biggest position. FourThought Financial Partners LLC’s holdings in Chubb were worth $11,466,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of CB. Continuum Advisory LLC grew its holdings 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 valued at $28,000 after purchasing an additional 35 shares in the last quarter. Gordian Capital Singapore Pte Ltd purchased a new position in Chubb during the 3rd quarter worth $29,000. Raelipskie Partnership acquired a new stake in shares of Chubb in the third quarter valued at about $29,000. Sierra Ocean LLC purchased a new position in shares of Chubb in the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new stake in shares of Chubb in the third quarter valued at about $30,000. 83.81% of the stock is owned by hedge funds and other institutional investors.

Chubb Stock Up 2.3 %

Shares of CB stock opened at $273.45 on Tuesday. Chubb Limited has a 52-week low of $238.85 and a 52-week high of $302.05. The stock has a market cap of $110.23 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 3.36 and a beta of 0.67. The firm’s 50-day moving average is $270.54 and its 200-day moving average is $279.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.28 and a current ratio of 0.25.

Chubb (NYSE:CB) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating the consensus estimate of $5.33 by $0.69. Chubb had a net margin of 16.63% and a return on equity of 13.75%. Sell-side analysts predict that Chubb Limited will post 21.52 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on CB. Royal Bank of Canada restated an “outperform” rating and set a $320.00 target price on shares of Chubb in a research report on Thursday, January 30th. Evercore ISI increased their price target on Chubb from $289.00 to $293.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Wells Fargo & Company lowered their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating for the company in a report on Tuesday, January 14th. JPMorgan Chase & Co. raised their price objective on shares of Chubb from $296.00 to $300.00 and gave the company a “neutral” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley lifted their target price on Chubb from $295.00 to $300.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 30th. Two research 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 MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $295.73.

About Chubb

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.