Mainstream Capital Management LLC Makes New $37,000 Investment in Chubb Limited (NYSE:CB)

Mainstream Capital Management LLC acquired a new position in Chubb Limited (NYSE:CB) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 134 shares of the financial services provider’s stock, valued at approximately $37,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Exencial Wealth Advisors LLC increased its stake in Chubb by 1.1% in the 4th quarter. Exencial Wealth Advisors LLC now owns 8,890 shares of the financial services provider’s stock worth $2,456,000 after buying an additional 100 shares in the last quarter. Commerzbank Aktiengesellschaft FI boosted its stake in shares of Chubb by 23.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 6,434 shares of the financial services provider’s stock worth $1,778,000 after acquiring an additional 1,233 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Chubb by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,235,155 shares of the financial services provider’s stock worth $617,573,000 after purchasing an additional 46,068 shares in the last quarter. Steward Partners Investment Advisory LLC raised its stake in Chubb by 4.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 129,290 shares of the financial services provider’s stock valued at $35,723,000 after purchasing an additional 6,076 shares during the period. Finally, Gryphon Financial Partners LLC lifted its holdings in Chubb by 6.5% in the 4th quarter. Gryphon Financial Partners LLC now owns 3,879 shares of the financial services provider’s stock worth $1,072,000 after purchasing an additional 237 shares in the last quarter. 83.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CB has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Chubb from $328.00 to $329.00 and gave the company an “outperform” rating in a report on Friday, January 31st. JMP Securities reaffirmed a “market outperform” rating and set a $325.00 target price on shares of Chubb in a research note on Wednesday, January 29th. JPMorgan Chase & Co. boosted their price target on shares of Chubb from $296.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 29th. 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 research report on Tuesday, January 14th. Finally, Barclays decreased their target price on Chubb from $349.00 to $324.00 and set an “overweight” rating on the stock in a research report on Monday, January 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $295.73.

Chubb Stock Performance

NYSE CB opened at $284.02 on Wednesday. The business’s 50 day moving average price is $271.45 and its 200-day moving average price is $280.06. Chubb Limited has a fifty-two week low of $238.85 and a fifty-two week high of $302.05. The company has a market cap of $114.49 billion, a P/E ratio of 12.50, a P/E/G ratio of 3.36 and a beta of 0.67. 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 posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $6.02 earnings per share for the quarter, beating 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%. Sell-side analysts predict that Chubb Limited will post 21.52 earnings per share for the current year.

Chubb Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a yield of 1.28%. The ex-dividend date is Friday, March 14th. Chubb’s payout ratio is currently 16.02%.

Chubb Company 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.