Chubb Limited (NYSE:CB) Position Raised by Transform Wealth LLC

Transform Wealth LLC boosted its position in Chubb Limited (NYSE:CB) by 12.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 40,549 shares of the financial services provider’s stock after purchasing an additional 4,513 shares during the quarter. Transform Wealth LLC’s holdings in Chubb were worth $11,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Continuum Advisory LLC grew its stake in shares of Chubb by 56.5% in 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 last quarter. Kozak & Associates Inc. bought a new stake in Chubb during the third quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new position in Chubb in the third quarter worth approximately $29,000. Raelipskie Partnership bought a new position in shares of Chubb in the third quarter valued at $29,000. Finally, Truvestments Capital LLC acquired a new stake in shares of Chubb during the 3rd quarter valued at $30,000. 83.81% of the stock is owned by institutional investors.

Chubb Stock Down 1.5 %

CB opened at $269.38 on Tuesday. The company has a market capitalization of $108.59 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 7.27 and a beta of 0.67. The business has a 50-day moving average of $277.67 and a 200-day moving average of $278.60. Chubb Limited has a fifty-two week low of $226.74 and a fifty-two week high of $302.05. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.28 and a quick ratio of 0.28.

Chubb (NYSE:CB) last posted its earnings results on Tuesday, October 29th. The financial services provider reported $5.72 EPS for the quarter, topping the consensus estimate of $4.98 by $0.74. The company had revenue of $13.83 billion during the quarter, compared to the consensus estimate of $14.16 billion. Chubb had a net margin of 18.32% and a return on equity of 15.46%. The company’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $4.95 earnings per share. Equities research analysts forecast that Chubb Limited will post 21.95 EPS for the current fiscal year.

Chubb Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 13th were issued a dividend of $0.91 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $3.64 annualized dividend and a yield of 1.35%. Chubb’s dividend payout ratio (DPR) is currently 14.91%.

Analysts Set New Price Targets

CB has been the topic of a number of recent research reports. Wells Fargo & Company decreased their target price on Chubb from $268.00 to $264.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. Jefferies Financial Group boosted their price objective on Chubb from $294.00 to $295.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Bank of America upped their price objective on shares of Chubb from $275.00 to $282.00 and gave the company an “underperform” rating in a research note on Thursday, October 10th. JMP Securities lifted their target price on shares of Chubb from $300.00 to $325.00 and gave the stock a “market outperform” rating in a research report on Wednesday, October 30th. Finally, Piper Sandler upped their price target on shares of Chubb from $281.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, October 4th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $288.17.

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.