Asahi Life Asset Management CO. LTD. Makes New Investment in Chubb Limited (NYSE:CB)

Asahi Life Asset Management CO. LTD. bought a new stake in shares of Chubb Limited (NYSE:CB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 1,910 shares of the financial services provider’s stock, valued at approximately $528,000.

Other large investors have also recently made changes to their positions in the company. Stephens Inc. AR increased its stake in shares of Chubb by 2.7% during the third quarter. Stephens Inc. AR now owns 9,876 shares of the financial services provider’s stock valued at $2,848,000 after buying an additional 260 shares during the period. Principal Securities Inc. grew its holdings in Chubb by 2.0% during the 3rd quarter. Principal Securities Inc. now owns 11,274 shares of the financial services provider’s stock worth $3,251,000 after acquiring an additional 222 shares in the last quarter. Gladstone Institutional Advisory LLC grew its holdings in Chubb by 336.9% during the 3rd quarter. Gladstone Institutional Advisory LLC now owns 10,805 shares of the financial services provider’s stock worth $3,116,000 after acquiring an additional 8,332 shares in the last quarter. Weatherly Asset Management L. P. purchased a new position in Chubb during the 3rd quarter valued at about $234,000. Finally, Chicago Partners Investment Group LLC raised its holdings in shares of Chubb by 24.5% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 2,018 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 397 shares in the last quarter. 83.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CB has been the topic of a number of recent research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price objective on shares of Chubb in a research note on Thursday, January 30th. JMP Securities reissued a “market outperform” rating and issued a $325.00 price target on shares of Chubb in a research report on Wednesday, January 29th. Wells Fargo & Company dropped their price objective on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. boosted their target price on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a report on Wednesday, January 29th. Finally, Barclays lowered their price target on shares of Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a report on Monday, January 6th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $295.73.

Chubb Stock Up 1.3 %

Shares of CB stock opened at $285.34 on Friday. 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 Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The firm has a market capitalization of $115.02 billion, a PE ratio of 12.56, a P/E/G ratio of 3.36 and a beta of 0.67. The stock’s 50-day simple moving average is $271.02 and its 200-day simple moving average is $279.81.

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 net margin of 16.63% and a return on equity of 13.75%. Equities analysts expect that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 14th will be issued a dividend of $0.91 per share. The ex-dividend date is Friday, March 14th. This represents a $3.64 annualized dividend and a dividend yield of 1.28%. Chubb’s dividend payout ratio (DPR) is presently 16.02%.

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.